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After a record setting long period of calm in the markets we've finally had some fireworks. The S&P 500 plunged by as much as 12 %, the VIX index went record level not seeing since 2016, and crushed few volatility ETNs , such as XIV. Somehow, the market recovered and lost "only 3.64 %" for the month of February.
The SPY closed at 271.65, and still trading above its 200 moving average, but price is now trending down.
The number of stocks in the S&P 100 the are above their 200 moving average, has plummeted from 84.31% to 62.13%, which is below our threshold of 65 %, meaning no new positions will be opened for the month of March.
As for our U.S Sectors strategy, we remain for the third month in a row, in technology (XLK). Despite the volatility, the strategy lost only 0.43 % for the month.
Brace yourselves for more volatility. 2018 will not be boring :)