I purchased more SPY this morning, bringing my basis to $185.04. I am being very open with the timing of these purchases only because there is a current free trial taking place in Exodus. Once it expires (today is the last day to grab one), I will not be so forthcoming here.
With the DB news in tow and the long weekend ahead, I am optimistic for a raucous rally in stocks. Hey, if Italian markets can run higher by 3%, so can ours.
As I am presently situated, I’ve depleted my cash reserves to zero.
25% of my assets are in TLT, with a basis of $120.42.
My year to date loss is -1.79%.
Should the market sell off, I am prepared to go 200% long, which means I can buy SPY on another 3 occasions, providing the oversold signals in Exodus all occur inside of 10 trading days. I will begin to sell out of my SPY positions starting 2/23.
These aren’t emotionally driven trades, purely algorithmic mechanical exercises of sublime mathematical precision.
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