Trading the tape is like golf...
Trade what is now, not what could be in 6 Weeks!
I want to point out a very good podcast.
https://cmtassociation.org/podcast/fill-the-gap-episode-nine-with-special-guest-chris-verrone-cmt/
It has tons of very good advice.
The best point: Trade what is now, not what could be in 6 Weeks. Trading is like golf, be in the moment. That is all we have. If you think about the shots that are in the future, you will mess up your golf and your you will mess up your trading.
Anything can happen. Forget the past, forget the future. Trade in the here and now!
The Tape:
I see a ton of frustrated traders right now, its been a tough market basically since February / March of this year. I am hovering between 40-45% YTD Performance since then, so I could protect my winnings, but really not much more.
To put it simply: Difficult markets simply happen. Its not all clear right now, we get a ton of mixed signals. A streamroller waiting for us because GDP and Inflation are slowing (ROC). BUT: There is always a steamroler waiting for you.
So, what is important now? Be in the now and look what price is doing!
So, let’s dive into it:
My nano cap runner (only tradable with an account below 100k) had a good spike recently.
And my small cap systems did hold up well:
Tech Small Caps put in a new high:
Energy small cap system as well relative strong:
Industrial small caps o.k.
ADRs fine too:
Financials neutral
Earnings are still very strong, 30 out of 40 Countries have a monthly buy signal.
So yes, we had not a nice week last week, TLT Hedge did not work really good and the market pulled back a bit.
I stay long with a 35% TLT Hedge. I do not know what will happen in 3 Months.
Positions:
TLT
QRHC
GDP
ICL
MG
DLA
TRNS
CRAI
HCCI
III
HSON
MTDR
SIM
Have a good week and happy trading!