Tactical Update: January 22, 2025 (PREMIUM-UNLOCKED)

by Dana Lyons
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*The following post was originally issued to TLS members on January 22, 2025.*

Healthy portfolio changes…

Stocks continue their recent rebound today. However, many of the broad averages have reached key resistance and risk in the near-term is significantly elevated. As such, we indicated in this A.M.’s DSS that we are shifting to a Short-Term Bearish posture. This morning’s bounce does nothing to dissuade us from that stance as we are observing negative breadth and rising volatility despite the major averages being green. Therefore, we are trimming a little more of our long portfolio in positions that are tagging resistance. That includes, for now, software and health care (as mentioned in the DSS, we sold some VHT on the close yesterday, too late for a portfolio update — but the ETF is still near the same levels).:

  • We sold 1/2 of our remaining position in the health care fund, VHT, near ~263.00 (about ~1% exposure now)
  • We sold 1/3 of our position in the software fund, IGV, near ~103.75 (about ~1% exposure now)
  • *UPDATE: We sold 1/5 of our position in the equal-weight S&P 500 fund, RSP, near ~182.12 (about ~2% 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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