Portfolio / Trading Update

We bought down the ladder last week, now 57 % long stocks, 30 % short stocks, and 13 % cash, net long 13 %.  With net positions near a net 0 long/short during the week,  net performance for the past week was only up slightly.  Recent market activity has moved the swing point down to 1335 from the 1360 area.  Trading range edges now are 1285 and 1385.