Tactical Update: November 11, 2024 (PREMIUM-UNLOCKED)

by Dana Lyons
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*The following premium post was originally issued to TLS members on November 11, 2024.*

To the moon…

Trading in this new week sis being highlighted by the moonshot in cryptocurrencies. Bitcoin has shot up above 85K pushing our fund, BITO, up over 11% today. As it is coming into some minor Fibonacci Extension resistance, we are taking just a little off the table here. We are also booking a few more profits elsewhere — but also looking for positions at support for allocation additions. So far today

  • We sold 1/5 of our position in the bitcoin fund, BITO, near ~23.00 (about ~.8% exposure now)
  • We covered (sold) our remaining hedge position in the inverse Nasdaq 100 fund, SQQQ, near ~32.00
  • We sold 1/5 of our position in the utilities fund, FXU, near ~39.20 (about ~2% exposure now)
  • We added to our position in the uranium fund, URA, near ~29.99 (about ~2.5% exposure now)
  • *UPDATE: We added to our position in the silver fund, SLV, near ~27.99 (about ~6% exposure now)*
  • *UPDATE: We added to our position in the junior silver miners fund, SILJ, near ~12.39 (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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