This week we managed our country level 1&2 holdings as well as our macro portfolio.
While we had no liquidations in country level 1, France is close to hitting a liquidation trigger. We added to our Canada ($EWC) holdings, and sat with our France ($EWQ) holdings.
In country level 2 holdings, we were forced to liquidate half of our position in Netherlands ($EWN) as 3 month RS performance fell more than 1% below that of the $ACWI.
Lastly, we liquidated our remaining copper position ($COPX) and right sized a heavy position in $UGA
It is becoming noticeably difficult to find ETF's to add that meet our rules. This week, with plenty of cash to put to work, We added in $EWC, $RSX, $UNG, $DBC. All of which are very obviously tied to commodity prices, most specifically energy. The concentration of the additions makes us a bit nervous, but we follow our rules.
Watch todays video to see how we use Chaikin Analytics alongside our own rules to manage a simulated ETF portfolio.
Despite the turbulent week in the market, we follow our plan and our rules. Our paper ETF portfolio is off of it's recent highs, and we have plenty of cash to put to work. Our rules and allocation limits has kept our cash holdings higher than recent in recent weeks, which is great. We remain a little under invested, which seems to be the right move, so far.
This week our rules pushed us into liquidations of $XME, $KRE and $XTN.
Although RS and outperformance pushed us to add to our energy holdings, our allocation limits kept us out. Instead we added $XLRE, $XLC, $XRT, $KCE
Watch todays video to see how we use Chaikin Analytics alongside our own rules to manage a paper money ETF portfolio.