#phew Understand Timing Matters

No. Timber and Gold won't tell you that...

We have an echo in the VIX coming from the fast move in both directions over the last 2 weeks.

That doesn’t mean we ignore it; it also doesn’t mean we hyperventilate over it.

~5525 and 5420 are the decision points.

Hourly

Portfolio Performance

Performance:

• Current closed equity return = 20.8%

• Current open equity return = 27.7%

• If all current positions close at stops, our return = 21.5%