August 20th, 2015 12:12:28 pm
Posted by
pftq |
#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.


