search instagram arrow-down

Do what Works, Until it Doesn’t

I sold Cenovus Energy this morning, bringing my cash position to 40%. I’m also shorting oil via SCO and shorting the S&P 500 via SH. If there is more upside, I still own Santander, Tencent, and ONLN (online retail).

The key here is not to be bold and brave because the bold and brave get cleaned out. This is a treacherous market, but if the algos are right, Retail and Consumer Discretionary will outperform the market in the next couple of weeks and both WTI and Brent will continue to trade down.

Leave a Reply
Your email address will not be published. Required fields are marked *

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: