We were forced to cut our positions in $ EWL, $EWQ, and $RSX on breakdown of the 3 month relative strength performance vs our benchmark, the $ACWI. We liquidated the entirety, less than one tranche, our our position in $EWC for the same reason. What might have been a little unexpected was the forced liquidation of some of our Macro holdings in the energy sector. full liquidations were triggered for our positions in $USL & $DBC
Again this week, we found narrow breadth. Because we have had this narrow breadth for some time, our allocation limits are being tested if not already achieved. So, we remain under-invested in our simulated ETF portfolio. We did add a handful of ETFFs for consideration to our macro watch list, and two made the cut this week. This week we added $QQQ, $ EIS, $UNG, $LIT & $CLOU
Watch todays video to see how we use Chaikin Analytics alongside our own rules to manage a paper ETF portfolio.