Tactical Update: October 31, 2024 (PREMIUM-UNLOCKED)

by Dana Lyons
0

This PREMIUM post was originally sent to TLS subscribers on October 31, 2024.

Shopping spree…

Equities are coming in again today — and again we are adding further exposure to good relative strength positions into the weakness as they reach good entry points. We are also covering some hedges as the countdown to the election is nearing an end :

  • We added to our position in the EAFE fund, EFA, near ~78.99 (about ~2.5% exposure now)
  • We added to our position in the emerging markets fund, IEMG, near ~55.48 (about ~1% exposure now)
  • We added to our position in the copper miners fund, COPX, near ~43.69 (about ~1.5% exposure now)
  • We added to our position in the silver fund, SLV, near ~29.99 (about ~4% exposure now)
  • We covered (sold) our hedge position in the inverse Dow fund, SDOW, near ~13.60
  • *UPDATE: We covered (sold) 1/2 of our hedge position in the inverse Nasdaq 100 fund, SQQQ, near ~7.50 (about ~.5% short exposure now, with leverage)*
  • *UPDATE: We covered (sold) 1/3 of our remaining position in the inverse technology fund, TECS, near ~5.50 (about ~1% short exposure now, with leverage)*
  • *UPDATE: We added to our position in the gold miners fund, GDX, near ~39.99 (about ~2% exposure now)*
  • *UPDATE: We sold 1/2 of our position in the long volatility fund, UVXY, near ~30.00 (about ~.25% exposure now)*
  • *UPDATE: We added to our position in the equal-weight S&P 500 fund, RSP, near ~176.99 (about ~10% exposure now)*
  • *UPDATE: We covered (sold) 1/3 of our position in the inverse S&P 500 fund, SPXU, near ~25.00 (about ~5% short exposure now, with leverage)*
  • *UPDATE: We covered (sold) 1/2 of our remaining hedge position in the inverse small-cap fund, TZA, near ~14.00 (about ~.5% short exposure now, with leverage)*
  • *UPDATE: We added to our position in the materials fund, XLB, near ~93.49 (about ~2.5% exposure now)*

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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