JAG Kickin’ It Again

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Just a follow-up to my short-JAG idea.

0810-jag
 

This is a really terrific chart.

As a follow-up to my market positioning……the good news is that my 230+ shorts are doing super (with the exception of IT, which I covered at a loss). The bad news is that the big fat SPY long position (which balances out the shorts by about 15%) is a loser, and I trimmed it somewhat. I am still keeping it as Fed Insurance, but I'm kinda ticked that the day after I finally succumb to "insurance acquisition", we are down double-digits on the ES!

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