Is the microblip over?
Thursday 11th January - Daily Equity Update
Is the microblip over?
VIX has once again been crushed and is below our level. Momentum and Trend are -1.8% (4696) and -2.4% (4666) below last night’s close.
There are inflation numbers out today. I don’t do “event” stuff, but it doesn’t mean you shouldn’t look at your positioning heading into it.
WDC is a good callout here between these two charts. It has been cut to cash but remains above momentum and trend. That is because the Strenth signal ranking everything is now in a downtrend. There is no way between now and the Sunday rerank that WDC will remain in the Top 50 spots.
Increase : VTR HON
Remove : HII LULU GD WDC LHX AMT MKTX
As ever these prices will be updated at the open today. We win some and we lose some, when it comes to overnight price moves.
I was asked last week to produce a returns chart of the portfolio. I do not track the daily “value” of the portfolio. Any day since I started sharing the portfolio where a trade has closed I have calculated the return. I was sharing this portfolio in other forums before starting here on Substack.
