It’s been a wild morning so far, as illustrated neatly by the small cap /RTY futures. Good Lord!
I’ve been trimming where needed and have dialed it back from about a 114% commitment level to merely 86%, and from 28 positions to just 20. A couple of my stalwarts are shown below, both of which are based on energy producers. In each case, I have hovered over the horizontal line representing the stop-loss level.
I might just take it easy for the balance of my “vacation” and keep my portfolio at roughly these levels, just for my peace of mind in the midst of all this mayhem.
