Both systems are exiting their long position today. The JTS is opening a short position but the CCI is moving to cash. This combo shifts the JT Composite to 50% short TNA. I will sell my small XIV position and head back to cash for now. Further strength tomorrow or Wed could easily flip the CCI (and thus the JT Comp) to 100% short. We'll see. Take it easy!
thanks, we are 2 points away from the right shoulder. dipping my toe in
ReplyDeleteThanks, J.
ReplyDeleteClosed out that XIV trade for 4%. Wish I took a larger position! Thanks J.
ReplyDelete