Portfolio Changes

This morning I sold off the remaining shares of the 3X-Bull Financial ETF, FAS, at $5.65. From my cost basis of $3.44, that's a return of 64.2%.

While I still think there's upside in the financials arising from the Congressional demands for modifications to mark-to-market accounting, the financials are extremely overbought right now. With that notion in mind, I picked up some shares of the 3X-Bear Financial ETF, FAZ, at an average cost of $36.03.