Portfolios: New Adds

Our two portfolios have continued to consolidate their positions. However, there are two issues that I consider worth mentioning. On one hand, the positions shorts have continued to lose profitability. This is normal in a situation where the market has risen almost constantly. These positions have been considered as an aid in case the market changes direction. The second is that yesterday, the long positions were almost universalbehavior. During the first hours, prices rose very dynamic. In the afternoon, however, most of these positions, lost ground significantly. While this may correspond to the behavior of a single day, in technical terms was experienced some deterioration. We'll have to see how the market plays in the next few days to a clearer picture of this situation.

1.- Short Term Growth Portfolio (STGP).-  This portfolio has continued to show significant variations. Yesterday it was decided to close the position Teck Dynavax (DVAX) with a yield of 4.60% in just six days. With this result, the STGP has recorded an accumulated return of 25.61% so v of this year. We have also decided not to add new positions in this portfolio. The behavior of the market yesterday, we have created some doubts.

2.- Medium Term Growth Portfolio (MTGP).-  This portfolio experiment more clearly market movements yesterday. During the first hours, all long positions rose sharply. However, when the market began to recede around2.00 pm, these positions also lost ground very quickly. This behavior occurs very commonly before a correction. We have therefore decided to adjust the levels of our"Stop" and wait a day to see if the market gives clearer signals.