Moving to Mostly Cash

A rather lackluster week is coming to a close. I'm not going to be in the office on Monday, so I'm shutting it down for the weekend and essentially taking my trading account into a 90% cash position. I'll still carry some small positions, including the Red Hat (RHT) puts from earlier today along with some April $10 calls I've been building in First Majestic Silver (AG), but the market does strike me as resolute in either direction. Although I feel the edge currently sits with the bears, I'm not confident enough to carry much in the way of short or even long positions when I'm away from the desk.

One trade that should resolve soon is Anadarko Petroleum (APC). The stock is coiled nicely after taking a beating back in mid-December. It was an opportunistic beating, as I was able to catch the falling knife for a quick bounce. ...205 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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