Moderately sideways...
Daily Update - Friday 8th September
The churn continues under the surface of the headline index price. As discussed yesterday the May period had ~3% high/low daily moves ultimately closing flat. We have the same again only less volatile 1% moves. We know that period ultimately played out to the upside. Let’s see how we go.
CME the catch-up trade with CBOE for now appears to have peetered out.
DLR drops down to half position.
AFL back to full position.
Now two tickers have jumped back up and how I would treat them.
GOOGL by the signal has regained full position but I chose not to re-enter tickers that have been full out between Sunday reranks. Also if you look at the ranking at the bottom it will struggle to be in the top 50 next week.
META on the other hand, barring a crazy day today, will still be in the top 50. I choose to wait until next week after the weekly update. The open and closed position tables below are aligned with that.
