Getting Closer

50% Long Now, Hedge Close to Off

I just noticed this morning as I was sitting here doing some computer work, that a couple of etf trades went off on the long side. I checked the exposure of my sector timing strategy and saw that it was now up to 50% invested long. Out of the 20 sectors I track and trade, 10 of them are long, the rest in cash.

The hedge which I update from time to time on https://enjoytherideworld.odoo.com/hedging has come up with the recent market strength and is knocking on the door of coming off.

I trade so many markets and other projects that I sometimes have my focus somewhere other than the stock market. I’ll be watching more closely now that the indicators are closer and we’ll all see whether or not stocks can muster enough strength in this bear market to continue the recent rally. The alternative could be failure to carry through, the hedge remaining and watching another leg down. That could get bloody for those not attacking the market risk.

Enjoy the ride everyone!