During Friday's trading meeting, we confirmed our tepidly bullish market posture and continued to manage our ETF portfolio following 3 - 6 month strength in the market. For the first time since we started investing in our paper-portfolio last October, we actually executed some forced liquidation trades from our International holdings to make room for some better performing US sector and subsector ETF's. With the market approaching resistance and our portfolio invested (finally) to its upper holding limit, we are either about to enjoy an extended run of intermediate gains or endure a painful drawdown. The Fed minutes will likely determine our short term fate. We have no idea which it will be, so we follow our rules designed to protect us from catastrophe, while relying on Chaikin Analytics and relative strength trends in the markets to maximize risk reward trade-off. All of our holdings are listed below. Trading video is above.
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January 2021
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