Tactical Update: October 25, 2023 (PREMIUM-UNLOCKED)

by Dana Lyons
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*The following premium post was issued to TLS subscribers on October 25, 2023.*

Taking some more cover…

With key levels being tested again this A.M., we are covering some more short exposure. Should such levels break, we will reassess. But especially as we have been able to limit (or nearly avoid) losses during the correction, we can be a bit more aggressive here:

  • We covered (sold) 1/4 of our remaining hedge (short) position in the inverse S&P 500 fund, SPXS, near ~16.80 (about ~.75% short exposure now, with leverage)
  • We covered (sold) 1/5 of our hedge (short) position in the inverse technology fund, TECS, near ~15.90 (about ~4% short exposure now, with leverage)
  • We covered (sold) 1/3 of our hedge (short) position in the inverse mid-cap fund, MYY, near ~25.74 (about ~2% short exposure now)
  • *UPDATE: We covered (sold) the rest of our hedge (short) position in the inverse mid-cap fund, MYY, near ~25.78*
  • *UPDATE: We covered (sold) 1/2 of our hedge (short) position in the inverse Nasdaq 100 fund, SQQQ, near ~21.65 (about ~.5% short exposure now, with leverage)*
  • *UPDATE: We covered (sold) another 1/4 of our hedge (short) position in the inverse technology fund, TECS, near ~16.00 (about ~3% short exposure now, with leverage)*
  • *UPDATE: We added a position in the small-cap India fund, SMIN, near ~60.99 (about ~1% exposure)*
  • *UPDATE: We covered (sold) 1/2 of our hedge (short) position in the inverse small-cap fund, TZA, near ~38.80 (about ~1% short exposure now, with leverage)*

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.

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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.

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