Crude prices fell today on bearish inventory data, though the market in general displayed more varied performance (DJI down, S&P no change, NYSE up). Due to our high degree of exposure to energy we fell slightly at around 0.3%, underperforming many of our target indices.
Short term losses occurred in DLB as it bounced off of it’s 200 day moving average, but we saw no reliable window to acquire more shares and anticipate closing that entire position within the next week.
Royal Dutch Shell fell somewhat more than expected on inventory data, but losses were still very mild over all. Our greatest loss was a shift in our S&P 600 small cap index tracker, but this is in general a highly volatile asset and is still strongly up week on week.