The north american markets faltered towards the end of trading today after trying to rally mid-day. The S&P/TSX closed below its Nov. intra-day low. Based on this sign of inherent weakness, I decided to increase my short CDN equities position. The TSX has not declined as much as SPX over the past month and therefore it is also a convergence play. I increased my holdings of HXD by 2 units at today's close (22.50).
MARKET POSITION: EQUITIES - SHORT (11 units); GOLD - LONG (1 unit)
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