Tactical Update: November 5, 2025 (PREMIUM-UNLOCKED)

*The following Premium Post was originally issued to TLS members on November 5, 2025.*

Small adjustments…

Model components continue to track weaker. We will trim some small-cap exposure this A.M. into a Russell 2000 bounce to test the 50-Day SMA:

• We sold 1/2 of our position in the small-cap fund, IWM, near ~242.30 (5% exposure now)
• *UPDATE: We sold 1/6 of our position in the long semiconductor fund, SOXL, near ~45.80 (.5% exposure now, with leverage)*
• *UPDATE: We added to our position in the long 30-year bond fund, TMF, near ~40.29 (4% exposure now, with leverage)*
• *UPDATE: We added to our position in the long 10-year bond fund, TYD, near ~25.64 (3% exposure now, with leverage)*
• *UPDATE: We sold 1/4 of our position in the inverse volatility fund, SVIX, near ~19.90 (.75% exposure again now)*
• *UPDATE: We added further to our position in the long 30-year bond fund, TMF, near ~39.99 (5% exposure now, with leverage)*
• *UPDATE: We added a hedge position in the inverse mid-cap fund, MYY, near ~17.93 (-2.5% short exposure, with leverage)*
• *UPDATE: We sold the rest of our position in the inverse volatility fund, SVIX, near ~20.10*
• *UPDATE: We added a hedge position in the inverse gold miners fund, DUST, near ~11.79 (-2% 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.

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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.