Minerva Market View for Jan 16, 2024

We maintain a 50% net-long stance with a basket of longs and shorts that have been working well for us so far.

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.

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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.

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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%↑

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Worth checking out

Carson Investment Research 2024 Market Outlook

That’s all for now - happy trading!

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Disclaimer: This post is for professional investors only and is shared with other like-minded investors for the exchange of views and informational purposes only. Please see the disclosures and disclaimers for more details and always note, we may be entirely wrong and/or may change our mind at any time. This is NOT investment advice, please do your own due diligence.

Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor.

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