Holdings Assessment

The markets have been down 5 days in a row, and I am positioned slightly bullish. So, things are not going well for me as of now. I want to do a quick assessment of the trending again and see what the price action has changed so far.

S&P 500

The S&P 500 price has moved below both its 10-day and 20-day moving averages. The 10-day is still over the 20-day and that is the reason I am still holding to my position in SPY options. I may have to change my stance in the next couple of days though.

NASDAQ

The NASDAQ trending looks similar to the S&P 500 except the price is still slightly over the 20-day moving average. I am actually long the QQQ through options and the TQQQ, both of which has similar trending. I will hold for now.

XBI

The XBI is still trending nicely bullish. I am long XBI through options and will hold for now.

XLV

The XLV is trending very similar to the broader markets. It is still bullish per my system. I hold CURE which is the leveraged Healthcare sector instrument and will continue to hold for now.

FNGU

The FNGU has taken some hits over the last several days. The 10-day is barely above the 20-day moving average. I will continue to hold for now but watch closely.

YINN

The YINN just turned bearish per my system, and I will close this position. The YINN is the leveraged instrument for the Chinese stock market.