Came into week with 10 longs and 2 GLD safe havens for 120% total exposure and 80% net long exposure.
2 SPY (4/17)
2 XLF (6/28)
2 INDA (7/5)
1 QQQ, 1 SMH (7/7)
2 EEM (7/10)
2 GLD (7/11)
Adjustments
7/24: - 2 SPY short hedges
7/26: -2 XLF, out; +2 SPY to cover hedges; +2 QQQ to maintain positioning
7/27: -1 SMH, -1 EEM, -2 QQQ
Leaving
2 SPY (4/17)
2 INDA (6/28)
1 QQQ (7/7)
1 EEM (7/10)
2 GLD (7/11)
This may be too light. I opted to raise cash instead of hedges given all the caution signals as outlined in the last Total market view. I could have kept more longs and added IWM shorts and/or UVXY hedges. Might be looking to add something on Monday.
This will likely be the last positioning post. I tried this as experiment the last several months to show more clearly how trading with Pivotal Strength can benefit one's account. For example, some big calls on positions or highlights on sectors in 2016:
EWZ mentioned as buy February 2016, and mentioned often afterwards
SOXX encouraged March 2016 and mentioned frequently afterwards
XLF encouraged in 2016 Q4 before the election jump
IWM mentioned as main index leader post-election
All these produced huge outperformance over simply buy and hold on SPY. In addition, I am fierce about reducing exposure in downtrends and although some shuffle costs a bit at times, and looks completely unnecessary in a year like 2017 - which has the second lowest SPX drawdown since 1928! - I am experienced to know that at some point, probably rather sooner than later, protection will be quite worthwhile.
I also wanted to show some of the methods employed achieving world beating 110% returns at a small hedge fund that was running ~100M AUM. In fact, at that fund the gains were due to even more leverage and concentration that what I typically have done here. Those returns involved huge gains in certain individual stocks, hedging portfolio via futures, and benefitting from a massive currency trade.
But this does take extra time to review all these charts and when that time is lacking, I feel that portfolio could be better. This happened in 2017 Q1 when I didn't rotate into tech or global stocks soon enough. It is likely that time available for this project will reduce in the near future.
Also, lastly, positioning totally depends on:
your position as investor or trader
tax status of account
flexibility of account (ie margin or willingness to use leverage)
costs - as this is an active strategy, it assumes commissions are small fraction of capital
As such, I will return to certain setups that I will continue to try to mention, but execution part and day to day listing will likely not continue.
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Positioning information
1 position represents 10% of capital.
Limits: 15 or 150% long, -50% shorts, hedges or safe havens, 200% max total exposure.
Currency & commodity positions are not included in this system.