A couple of hedging moves helped reduce the risk after a large run in the markets for the first 3 weeks of September. Shorting lululemon athletica (LULU) in the Opportunistic portfolio has hedged some of the loses from today though Cramer telling people to buy it on his Stop Trading segment yesterday has limited the downside. Also, the Drexion Small Cap Bear 3x (TZA) has been a significant gainer the last 2 days providing huge protection.
After 3 days of moderate losses, the market is finally in position to regain the upward trend. Any weakness tomorrow morning should likely be bought especially around 1120 in the SP500 or even closer to the 200ma around 1116.
Below are the end of day results from the Marketocracy.com virtual portfolio (see links in the right column) for the Growth Portfolio. The *TD totals don't include todays results and when adding back the roughly 1.25% of extra fees assumed by that platform, this portfolio is up some 12.5% versus a roughly 2.5% gain in the SP500. That's the type of performance this portfolio hopes to achieve.