Tactical Update: August 19, 2024 (PREMIUM-UNLOCKED)

*The following Premium Post was originally issued to TLS members on August 19, 2024.*

Chipping away…

Large-cap and tech stocks continue to squeeze ever higher within their reflexive “B-wave” bounce in the context of a likely A-B-C correction. With the also-likely fact that they are very near the end of the B-wave, we are continuing to sell — and hedge — particularly in those areas, e.g., large-caps, tech and semiconductors, a.k.a., chips. Today, we “chipped away” at the following positions:

• We sold 1/2 of our position in the semiconductor fund, SMH, near ~250.00 (about ~.25% exposure now)
• We sold 1/3 of our position in the inflation sensitive fund, PPI, near ~15.20 (about ~1% exposure now)
• We added another lot to our hedge position in the long volatility fund, UVXY, near ~21.49 (about ~2.5% exposure now)
• We added to our hedge position in the inverse technology fund, TECS, near ~5.66 (about ~6% short exposure now, with leverage)
• We added to our hedge position in the inverse semiconductor fund, SOXS, near ~21.64 (about ~6% short exposure now, with leverage)
• We added to our hedge position in the inverse EAFE fund, EFZ, near ~15.89 (about ~6% short exposure now, with leverage)
• We added a hedge position in the inverse Europe fund, EPV, near ~7.15 (about ~3% short exposure, 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.

_____________

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.