The market seems to be running out of steam after the Federal Reserve announced some members did not wish to devalue the dollar into oblivion. Go figure.
Not for the model portfolio, but as an educational exercise, try paper trading a position of SH ( an ETF inverse of the S&P 500 ) right here at 33.22 on Thursday 1/3/2013 2:30 PM, to hedge any long positions you are holding. Set the stop at the LOD (low of day) and raise it if the profits start to grow.
Check back this evening for a video analysis of this strategy.