Week 2 and 3 All Quiet in West Front

It is becoming extremely difficult to blog, and I have been extremely busy, rather unfortunately. I would rather follow the market and do what I love to do, but could not manage the cash flow. Back to work it is.

Back to trading / investing, at the end of week 3, I am up by about 1.08%, about the same with index, however, I am currently at about 30%-40% cash. A couple of my positions got stopped out, including a decent size position of CSCO. Another one, WFR got called away on my Jan. 40 covering call. I have not add any new positions. I found lack of leadership in the current market concerning, even the large-cap tech shares start losing steam. Commodities are also rather weak and volatile. I do not see a lot of opportunities, even for a trade. I am willing to sit this one out, be patient, and let the market come to me. I continue to hold the view that the market is over-bought and there are better entry points in the near future. I am watching for tech, energy, precious metals, for potential setups.