Tactical Update: April 19, 2022 (PREMIUM-UNLOCKED)

The following post was initially issued to TLS members on April 19, 2022:

Counter-trend day in risk.

While yesterday all markets continued in the direction of their recent trends. today we are seeing a counter-trend move in many assets. However, until trend changes are confirmed, we will assume that today’s moves are merely that — i.e., counter-trend.  Therefore, after taking some profits recently, we are looking to potentially re-load in some positions. Thus far today, we have only added back a portion of our small-cap short that we quickly covered last week. Also, one trend that continues its course today is the rising bond yields. We have covered another portion of that short so that we only have a small position left. Here are the specifics:

  • We sold 1/2 of our small remaining position in the inverse (short) 10-year bond fund, TYO, near ~11.53
  • We sold 1/2 of our small remaining position in the inverse (short) 30-year bond fund, TBT, near ~25.00
  • We bought back the portion of our hedge (short) position in the inverse (short) small-cap fund, TZA, that we covered last week (@ 33.25) near ~31.99
  • *UPDATE: We added back another lot to our hedge (short) position in the inverse (short) Nasdaq 100 fund, SQQQ, near ~37.79*

That’s all for now. Check back on this post throughout the day for further portfolio moves. And as always, stay tuned to our DSS posts for further developments — they provide the most current updates to our investment portfolio and outlook.


Disclaimer: JLFMI’s actual investment decisions are based on our proprietary models. Commentary provided here is for informational purposes only and should not be taken as a recommendation to invest in any specific securities or according to any specific methodologies. Proper due diligence should be performed before investing in any investment vehicle. There is a risk of loss involved in all investments.