Professor’s Comments Update 7/26/19

Posted by OMS  at July 26th, 2019

The Model will be selling its shares of TBT by today’s close. The indicators on the ‘trial’ position have not turned positive as expected and with a Fed announcement scheduled for next week, there is a danger that the position could turn south.

The sale of TBT will free up money the Model will likely to use next week for the purchase of inverse ETFs on the major indexes.

Placing a stop on TBT at 29.50 or if the stop is not hit, the Model will exit the position at today’s close.

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