I've positioned short now in aggressive, relevant accounts. I'm pinpointing closing at new highs for the SP500 and NDX as benchmarks for maximum loss (maximum before adjusting). I'm looking at a GS close above the 50-day MA (presently 177.80) as a bench for that particular trade.
In other accounts I am slightly net-short, considering the levered TWM position. The slight net-short exposure affords me being able to add onto new long set-ups without having to stick out my neck. Here too, the same benchmarks above will influence this exposure; I will not continue net-short if benchmarks are breached.
Aggressive Accounts:
-Total Position: ~2.5-to-1 net-short, considering levered (2x's) TWM hedge
-32% invested overall
-Pure-longs = 12%
Currently Long (according to size): ASIA (4.3%), HRBN (4.2%), RINO (3.6%)
Currently Short (according to size):
-TWM-long (Russell 2k Dbl-short, 15%)
-GS (4.7%)
(Note: inverse-ETF TWM represents being dbl-short the respective index).
Futures Accounts: 20% Short Dec SPX, from 1090.25 (1-to-3 day trade for relevant accts)
Other Accounts:
-Total Position: ~1.5-to-1 net-short, considering levered (2x's) TWM hedge
-24% invested overall
-Pure-longs = 13%
Currently Long (according to size): HRBN (4.5%), ASIA (4.3%), RINO (3.5%)
Currently Short (according to size):
-TWM-long (Russell 2k Dbl-short, 11.2%)
(Note: inverse-ETF TWM represents being dbl-short the respective index).
Futures Accounts: NA
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