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DON’T TRIM THOSE HEDGES JUST YET

In fact, I am adding some hedges today.  This earnings season has already jumped 5% and the market is up in a nearly straight line over the course of the last few days.  I would take this monster rally as an opportunity to add some hedges.  My favorite plays?  Short the Yen and writing some covered calls.

I still have a bull bias thru earnings season, but the move in recent weeks warrants a bit of caution.  The TPC Model Portfolio is handily beating the market on a risk adjusted basis.  I’ll have full details on it shortly….Stay tuned.

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