Apologies for the late update.
The model score today worsened to –25. Although we did reach the 2812 level and surpass it. Either we turn back from here or 2861 or we are going to embark on a long leg higher, through ATHs and into mid 3,000s. The model is saying that all that is rallying are defensive sectors which are yield sensitive and that risk spreads are deteriorating. Better in that case to stick with yields themselves.
Owners of DISCK should check to see if this security is still needed in their portfolio, as the picture is rapidly deteriorating in those names.
We are still in full Risk Off, invested in TLT.
We are very near to a big impulsion moment, either up or down. Maximum protection of portfolio time via options.