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Now that there are little spiders (9 select sector spdrs) do you plan to use them, and if so how? (I am referring to XLB, XLV, XLP, XLY, XLE, XLF, XLI, XLK, AND XLU.) Do you think a strategy of simply moving from sector to sector (carefully chosen and monitored) with long positions --traded short-term, intraday-- via these sector spiders has merit? Seems like a simple matter of hopping on the "hot sector", watching like a hawk, getting out quick after any runup/reasonable profit. I am a novice at trading--don't begin to understand shorts, margins, all the things you've been talking about with the SPY and MDY strategies, tho I am impressed with the definite feeling that if I could understand it, it would be A VERY GOOD THING! Thanks if you have thoughts on this to share. Also, if you know of sites on the web that explain shorts etc., would you include its URL? Thanks again. |
