Daily Update - Tuesday 5th December

Start of a rotation...?

Several changes coming from yesterday’s trading.

MU action for today is to reduce completely, joining GOOGL on the sidelines.

PEG and CDW move to neutral so I will reduce to a half position size.

That adds to the Tech and Comms names from this weekend that are testing levels. Are we about to see another rotation?

How I deal with shifts in the portfolio using MU or GOOGL as an example of going to zero on a position. If over the next couple of days, they jump back to long positions I wait for the weekly update before adding them back.

No change at the index level. I do not hold any hedges against the portfolio at this time.