Not Fooled By This Trickery

I sold out of the remainder of my HDP position, in order to clean up loose ends. I have a tremendous amount of cash now, so I added to my XLU position.

Reason being: it’s down 3.5% over the past two weeks and I think it can swing around to the tune of +7%, should the markets sell off. At present levels, XLU offers a unique risk/reward ratio, especially considering how low the beta is on it.

My maximum acceptable drawdown for this is -5%. Either way, I don’t expect it to move too much in either direction.

My only tradable high tech positions are QLYS, RDWR and BITA. They will offer me beta, where XLU comes up short.

I think this is a peasants market, deserving of a lashing or two about the gibbet.