Bolling: The Killer 'C's'

In the meantime, I have been careful in my own portfolio. I have been tempted to add to an already razor-thin risk portfolio. As you know, I am heavily in Treasury bills. I am also in New Jersey state bonds and cash. Less than 5% is at risk in equities and being a trader I am looking for trades. There have been some that looked enticing as "cheap" but I have held off as the market continues to act irrationally. Good, cheap stocks are getting hit hard or harder than high-risk stocks. My gut is telling me that the day to implement cash is approaching but I would rather miss the first leg up than to catch another leg down in a bad position.

Of note, OPEC met on Saturday and some ministers were in favor of cutting production and supporting price. If that happens, which I doubt, there may be opportunities in energy.

We will have to wait until these influences become clearer.

I apologize for not making a trade recommendation this week again. I feel that it is prudent to wait until I make a trade to write about a good trade. And I have not.

Until then, as always, trade with your head, not over it.