Removed Hedges, Riding With Commodities and Cash

I had 20% weight in UVXY, SQQQ bear ETFs heading into the session. I closed them out, shifted a few things around, but generally speaking the market looks ok, with a very nice bias in the commodity space. I know the trade is crowded, but the underlying movements in the raw materials is keeping it going. At some point I’ll step aside, but not yet.

I’m at record highs now, up 11% for 2022, because I’m a profiteer of panic.

I’m purposely avoiding buying tech because if the news gets bad and the market smashed, those stocks will go down the hardest. By the end of day, I’ll throw on some hedges again, got to in a time when world war looms.

48% cash, patient.