Naked Hedge Fund

Today was a viscous day to the downside as it broke through the support that we mentioned a couple posts ago. This triggered our stop on SPY and now have a short position with SH, since the portfolio for this site is either long or short at all times…. no cash. Unfortunately with gap down…..

Whipsaw

YTD 4 trading days. YTD NHF Portfolio +5.49% vs S&P 500 -3.5%

Naked Hedge Fund weekly. 2 page PDF report on full post.

This has been a nightmare week. The decision to go long last week has turned up sour so far and makes me think of the scene from Anchorman when he jumps into the bear cage and says ” I immediately regret this decision”. Things looked hopeful Monday morning with the rally….

Squeezee

YTD 4 trading days. YTD NHF Portfolio +9.19% vs S&P 500 0.2%

Naked Hedge Fund weekly. 2 page PDF report on full post.

Made the trade today. Not exactly the best case scenario. Was hoping for a pullback to get a better price, but the trend has been established and don’t want to fight the tape anymore. Bought SPY today $111.75 and sold SH at $50.85. Hopefully this turns into a healthy trend and not choppiness.