Scaling In Some Short Exposure

I'm putting in a small 2% short exposure today just in case the bottom comes off the market and to hedge remaining long positions. I've put in a small limit order for December SPY $100 puts. Let's see if the order gets hit. As I said in my previous post any market correction will be choppy and will not be as deep as the pundits expect. I have liquidated my positions in ARO, BX, IVN and NM for small losses (nothing greater than 3%). I've also bought back my position in TAM. The stock gapped down together with other Brazilian stocks after the government decided to impose taxes on foreign investors to quell the run-up in the real. The stock has recovered to the upper shadow of the two previous down days... so we might see a swing trade bounce from here.

FD: Author has no personal positions.