With the stock market volatility this week and increasing traffic to my site, I thought I should post a mid-week update.
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This personal blog focuses on the application of my proprietary timers to the US and Canadian stock markets. Models have been developed for which double exposure (2X) ETF's are bought when the timer goes long. Proshares QLD is used for the US market and Horizons Beta Pro HXU is used for the Canadian market.
US Model is Currently in: Cash/Short Term Bond ETF
Canadian Model is Currently in: Money Market ETF/Short Term Bond ETF
6 comments:
I'm confused. According to your Sept 6 post "Amateur Hour" (which is no longer posted on the blog), you are long QLD. Does this post include the 20% loss since then?
From your Amateur Hour post:
My US timer went long on the evening of August 29 and I bought QLD the next trading day (September 02) only to get slaughtered.
Thanks
I went long with QLD and set a 10% trailing stop which was triggered. In my US account I am currently 100% cash. One issue you need to be aware of with the Covestor reports is that cash is not included in the calculation of returns. If, for example, my account had 10% QLD and 90% cash and the QLD fell by 12% then the Covestor account would drop by the full 12%
Ah ok cool. Maybe a good idea would be to post in the sidebar your current timer, state and the date of last transition? It would make it easier for us to play along at home.
More details on the nature of your system would be great too, as I can't see anything positive about QLD on aug 29th - other then the fact that it had pulled back a large amount. (Not trying to be a pain here - just trying to figure out what your model takes into account).
Cheers
t
Thanks for the feedback t.
I have posted the timer info in the header. Does that work? Do you think readers will notice it there?
Looks good. I read you via the RSS feed, so if you could make a post when the timer signals that would be great.
Thanks
T
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