Good evening! While the market is still in an uptrend, the last couple of weeks have seen a deterioration in breadth. We expect this choppiness to continue for the next few weeks.
Portfolio and Performance
Our long/short portfolio has been working well for us. Here are the major movers for Friday:
Here is the overall trading portfolio. Items highlighted in orange haven’t been working out as well or are in the process of topping and we are open to trimming them:
Shorts are working out well, and we will look at adding more into those positions, especially TSLA 0.00%↑ which seems to be heading into a more prolonged correction. SPR 0.00%↑ also has likely more downside as more quality issues surface. The crypto shorts are more volatile and will likely swing up and down.
Watchlist
Here is our watchlist for tomorrow:
Long: PSN 0.00%↑ AGNC 0.00%↑ NLY 0.00%↑ TMDX 0.00%↑ FOUR 0.00%↑
Short: JETS 0.00%↑
Worth checking out
That’s all for now - happy trading!