Strong Move

so far...

Real Quick,

as I have written on March 16th and March 18th, I got a bit longer (about 10%) and I warned that it would be too late to short high beta names.

So far, all this looks very constructive:

High beta bounced. But we have to see how high beta is behaving in a pullback of the market.

I am up about 8.5% for the year. So far so good!

I will let my long book run with the short on the IWM. But will leverage up another 10-20% long with discretionary breakout and runner setups, since I want to get better discretionary.

I have no idea how long this rally will take us, but the tape is constructive and so I trade it!

I am using the following screen on TC2000 to spot breakouts on runner stocks:

((H - L + ABS(H - C1) + ABS(C1 - L)) / 2)*.60 >

(AVGH10.1 - AVGL10.1) / 2 +

(ABS(H1 - C2) + ABS(C2 - L1) +

ABS(H2 - C3) + ABS(C3 - L2) +

ABS(H3 - C4) + ABS(C4 - L3) +

ABS(H4 - C5) + ABS(C5 - L4) +

ABS(H5 - C6) + ABS(C6 - L5) +

ABS(H6 - C7) + ABS(C7 - L6) +

ABS(H7 - C8) + ABS(C8 - L7) +

ABS(H8 - C9) + ABS(C9 - L8) +

ABS(H9 - C10) + ABS(C10 - L9) +

ABS(H10 - C11) + ABS(C11 - L10)) / 20

As always this is not investment advice. Put in the work ;-).

Good luck!