Despite adding five tranche's to out international and macro holdings this week we remain under invested.
This week we experienced a a rare full liquidation as $EWT broke it's 6 month trend. We also let go of half of our $EWC and $DBC holdings on 3 month relative strength breakdowns. We added to our positions in $EWL, $UNG, $EWN, $RWX and $UNG. We would have added to $EPI & $RSX but we have already met our allocation limit on each.
We are clearly heavily invested in energy and energy related ETF's. Following relative strength can be a double edge sword, particularly when it comes to commodities. Commodities have a tendency to be widow makers, when they turn, they turn hard - which is why commodities are the exception and we employ stops.
Of course, this is all just a paper money simulation. Our goal is to show you how we use the Chaikin App alongside a set of rules as a demonstration only. Watch todays video to see just that!
This week we experienced a a rare full liquidation as $EWT broke it's 6 month trend. We also let go of half of our $EWC and $DBC holdings on 3 month relative strength breakdowns. We added to our positions in $EWL, $UNG, $EWN, $RWX and $UNG. We would have added to $EPI & $RSX but we have already met our allocation limit on each.
We are clearly heavily invested in energy and energy related ETF's. Following relative strength can be a double edge sword, particularly when it comes to commodities. Commodities have a tendency to be widow makers, when they turn, they turn hard - which is why commodities are the exception and we employ stops.
Of course, this is all just a paper money simulation. Our goal is to show you how we use the Chaikin App alongside a set of rules as a demonstration only. Watch todays video to see just that!
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