Not feeling terribly inspired on this quiet Sunday, so I’ll just share with you a couple of positions I’ve got focused on bond funds. The first of these is the high-yield bond fund symbol HYG, which broken beneath this massive pattern below and has been in the throes of rolling over for some time now……..
I’m feeling pretty good this morning since (a) I’m back home with my dogs (b) I’m feeling healthy again (c) My ETF portfolio is at a lifetime high, in spite of the retarded public buying up equities (d) I was able to hot glue gun my keyboard at EXACTLY the right angle to my desk. It was about two degrees off earlier, which was bugging the hell out of me. Now it is locked in a glorious position.
I suspect you’re more interested hearing about my ETF picks than my keyboard angle, so I’ll say this: I have three positions, all of them profitable. They are all longs, but they are all ultrashorts, which means I am still thrusting knitting needles into the eyeballs of the bulls. In spite of being near lifetime highs in equities, my positions are doing just dandy, thank you very much. They are as follows…….
No less an authority than Tom McClellan went onto CNBC (“The Network That Never Knew a Bear Market”) yesterday to declare that the bull market would just keep rip-roaring away another year. Maybe. Maybe not. I wanted to show a couple of ETFs which I’m short that suggest otherwise, at least for the short-term.
The first one is the emerging markets bond fund. Doesn’t exactly look healthy, does it? This is by far (by an order of 10 times) my biggest positions, and I’m cheerfully holding onto it.