The Last Five-Days Action was Mostly Below the Surface
The SPY dropped around 0.4% while the DJIA gained a bit over 0.1% in the week ended Mar. 28, 2014. Market Shadows Virtual Value Portfolio did slightly better, gaining 0.2% since last Friday.
 
Our original $100,000 ‘plain vanilla’ portfolio is now worth $140,803.  We sold out of a couple of positions during the week bringing our cash reserves up to $9,302 or about 6.6% of our portfolio value.
We were satisfied with the small gain and our slight repositioning.
Monday marks the end of this year’s first quarter. 2014 has been similar to the last five days. Lots of movement with little to show for it YTD.
I’ve been using rally days as opportunities for covered call writing in my personal accounts.  March was my best month in a while for generating OPM (other peoples’ money) to pump up my IRA’s cash balance.
