Starting to get longer with some intraday volume exhaustion again, starting with XLU.  I expect we might see more names over the next couple trading days though.  This is Tech Trader's way of scaling in lol

Great show of strength today for Tech Trader against the market sell off.  Tech Trader in total, even with yesterday's IWM buy, is only down 0.5%.  SPY is down over 2% and IWM is down almost 3%.  Shorts like GRUB (5%), ADI (7%), and GRMN (2%) contributed a lot to outperformance, but it's nonetheless 40% net long, meaning longs were pretty resilient as well.

What's interesting to note is that Tech Trader isn't buying the dip today; no bottom or RSI signals on the major indices.  There was one yesterday and a leftover from last week, but not the usual 3-5 cluster or more with aggressive averaging down.  Again, exposures are at year lows of 65% long vs 28% short.

The n/a sector is ETFs, which consists of EEM and IWM collectively being down about 2% individually but affect less than .3% of the portfolio and are offset everything else.  The most any individual name is losing the portfolio is no more than about .1% either.



Again, the sell off is barely a blip in Tech Trader's P&L while you can see SPY for the YTD time frame being very volatile.

Pretty much every time we have a big sell off like today, we're seeing Tech Trader yet again hold up fine despite being more than 50% net long.  Right now SPY is down 1.2%, IWM 1.5%, and EEM 2%, but Tech Trader is only down 0.5%, which is basically a normal fluctuation on any given day.  On the performance chart for the year, it's barely a blip whereas you see SPY chopping up and down below.

Great example on GRUB of Tech Trader's option pricing algo at work.  Normally I would have just crossed the spread, but it now knows to aim for $.50 on a spread of $.45x$.70 based on how other contracts are priced.
Edit: Not trading this specific strike/contract.  Just wanted to show how TT would price a wide spread.  Sorry for the confusion.


In other news, XLP has exited around $50.20 for about a 1.2% total gain (QQQ had 2.4%, XLK 2.1%, and XLF 2%).  Still holding EEM which is taking a hit, but it's small compared to what the others made already.  Slow day overall.

Fixed images

Seeing some slight rotation into other sectors like XLP and XLF while QQQ and XLK retreat, which is great since QQQ and XLK were sold yesterday while XLP and XLF are still being held.

Tech Trader barely took a hit during the market sell off and is now outperforming the market again on the rally.  SPY only up .3% and QQQ up .5%, but Tech Trader is up over 1% with only 68% net long exposure and no leverage.  Both the market timing ETF plays (QQQ, etc) and idiosyncratic stock picks (GPRO, HIG, etc) are contributing significantly today.

SPY closed well into positive.  Market bottom trades absolutely killed it today.  All positions are in green, with QQQ making 2% in less than a day.


Tech Trader's portfolio is sharply longer now but mainly on its market bet; idiosyncratic names are still relatively tight, though it just sold FIS which also killed it today (8% up today).


FIS sold at $70 today (entered a few weeks ago).

Tech Trader crushed it with XLV and IBB after intraday bottom signals in each last week.

I think it's important to clarify what the current positioning actually is.  We've had a slight increase in the number of trades the last few days, but at a portfolio level, things are still very neutral.  For every long, we're getting a short or sell as well. Exposures to sectors remain very flat.  There's also a lot of whiplash intraday, so a lot of signals that are "potential trades" do not necessarily trade by end of day, as we saw with FOLD and KITE.  Will try to be clearer on those next time, but in general, besides the ETFs/bottom trades, anything posted intraday is tentative and can change until the actual market close.

Below are the current exposures for Tech Trader, which you can see continues to tighten despite added names.

There goes TLT above $122 after yesterday's intraday bottom signal.

Pretty exciting.  After about 2 week's slumber, exposures are starting to pick up again.  TLT just got an intraday bottom at about $121.4.  Names like FOLD and SPR are lining up to be bought on breakout continuation to the long side.   Update: Lost the signal for FOLD at close and didn't trade it; looks like it's tough to sustain a breakout for individual names at least.