Quad 3, grrrr
This looks like a hard penny market to me, already hedged, 100% cash probable!
Here is the quad3 call for next week, the quad2 call is off!
My hedged system book shows weakness, so I am probably going to cash on Monday (I have hedged with 40% short on IWM on Friday evening as posted on twitter).
Plain vanilla small cap value momentum strategies (without an earnings tilt) look bad!
Strategies:
If you have to stay long (legally) I would stay with BRKB
CANLIM / Breakouts: Cash, if you got Quad 3 positions in the green, manage tightly! Sell Quad 1-2 stuff!
Energy Sector: Long USO, Short QQQ pair trade (50/50)
Biotech looks interesting (but tons of overnight risk on individual names!).
Since 07/21 we had 4 distribution weeks on the QQQs, just one accumulation week (look at the volume!):
Quad 4 exposures emerging:
The dollar is relentless:
SVIX (short vola) is priced to perfection (any more vola will crush it!):
This looks like a hard penny market to me.
I will probably raise cash on monday and wait.
Week by Week!
All the best and best regards.
Andreas
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