Summer of 2020 it is...
Week 27 - Equity Portfolio Update
I highly recommend using the link to view these posts in a desktop browser. Substack limits the size of emails, and since I use a lot of images, some readers have been missing important data by only viewing the truncated email.
Looks like this years drawdown down was fast enough and deep enough that it has forced us into the summer listening to bears calling for weakness.
Just for a minute forget price levels doesn’t it “feel” a lot like June 2020 with all the bears saying “too far too fast” “breadth is showing the weakness underneath”.
If you are a paid subscriber I shared some charts in chat this week highlighting XLK go read those.
Current Open Equity = 27.6%
Stop Loss Trigger = 24.8%
Current Closed Equity Return = 25.1%
Our open equity outstanding is ~28% since we started in Dec ‘23. We have been able to capture ~25% returns in closed trades, meaning ~3% open equity still belongs to Mr Market. Until we close the trade it doesn’t yet belong to us!
Subscribe to see the portfolio. You can do it for free using the 7-day trial if you want.
New user guide - Paid Portfolio Posts
Hot Takes with Hank
Think pieces!
