As of this moment on Sunday morning, it looks like yet another red day (crude oil notwithstanding) on the market Monday morning. I continue to track Bitcoin closely, which is slowly bleeding out. I repeat once more my insane target of $25,000.
The IG Weekend market is often a very, very, very rough proxy as to what’s going to happen, but it’s all we’ve got. It is showing equity markets down about 0.75% which, allow me to say, is probably a fraction of the drop that’s forthcoming on Monday. Crude oil, on the other hand, is working its way toward the triple-digit mark.
Across my five portfolios:
- One: all cash (smallest portfolio by far)
- Two: 100% short Bitcoin
- Three: 106% committed to small, short positions
- Four: 104% committed to small, short positions
- Five: 86% committed to long-dated put options
It’s actually quite conservatively positioned. My one outlier is in portfolio Three, which has SPY puts which expire end-of-day on Monday. So that’s my one zany trade which will either lost almost all its value or be a total bonanza.
