GFBP Position Tracker and Quick Update 6/9/2020

FOB and SPvRTY Double Top Potential

Our Founding Membership GFBP is something we created in order to enhance the subscriber experience in regards to having access to some of the proprietary information that Magnelibra Capital Advisors utilizes in order to create an alternative strategy using futures and options. This daily tracker is to demonstrate how a systematic/discretionary program positions itself within the various asset classes that Magnelibra operates within.

We hope that this educates and enhances all types of investors in regards to learning more about the financial markets, how we navigate them and what our proprietary indicators are telling us in regards to positions sentiment. The model that is being conveyed is for informational purposes only and we hope you engage us with any questions and we hope that it offers you a way to view how we track our target markets and even how we track performance.

Magnelibra Capital Advisors (MCA) is a National Futures Association registered Commodity Trading Advisor. If you have any interest in learning more you can visit our website at www.magnelibra.com to learn more about potentially opening up a separately managed futures account.

Our subscribers to the newsletter understand that all the data and information is proprietary and that we strictly prohibit the forwarding, copying or any reuse of any or all materials unless authorized by Magnelibra Capital Advisors LLC.

Here is today’s end of day position sentiment and we will keep a rolling total of that performance as it pertains to our end of day position and the profit/loss will be determined by the end of day settlement price for that commodity. Please note this is not the actual position of any of Magnelibra Capital Advisors managed accounts, but rather the proprietary sentiment of the program developed by MCA.

The program is currently FLAT and it exited out of the Hedged Long program on Monday. The program proprietary indicators do not have a definitive edge between going hedged long or hedged short, however the extended market indicators are what are limiting the continued bias toward hedged long. The Equity Asset class is by far the most extended of our asset classes to the upside, and the Fixed Income is neutral to bullish here. With the FOMC tomorrow we would expect to be pulled into new positions by the end of the trading day after FOMC and will keep the subscribers informed of that move. Here is the recent performance of the position tracker:

Here is the settlements for the instruments we track, noting we have rolled June Futures in the Currencies Asset class to September:

We have a couple of interesting chart set ups, the first one is the FOB or 5yr vs 30yr bond futures. With the curve in a steepening mode, it has forced the FOB toward its prior high and is seeing a pause here before the FOMC meeting. Will this be a double top and continue to roll over or will it bust through resistance?

The next chart is the SP500 future vs the Russell2k Future also putting in a double top here right at prior highs:

All in all we would expect tomorrows FOMC to provide further guidance on what the FEDs plans are for the next few months. Obviously the equity markets rely on continued QE and any pull back in that, well all this FOMO will be taken promptly out to the woodshed!

-Magnelibra Econemotions

DISCLAIMER: For educational purposes only. This is not a solicitation to buy or sell commodity futures or options on neither commodity futures. The risk of trading securities, futures and options can be substantial and is not for everyone. Such investments may not be appropriate for the recipient. The valuation of futures and options may fluctuate, and, as a result, clients may lose more than their original investment. Nothing contained in this message may be construed as an express or an implied promise, guarantee or implication by, of, or from the author Michael Agne owner of Magnelibra Capital Advisors. All rights are reserved. We will never claim that you will profit or that losses can or will be limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Although care has been taken to assure the accuracy, completeness and reliability of the information contained herein, we make no warranty, express or implied, or assume any legal liability or responsibility for the accuracy, completeness, reliability or usefulness of any information, product, service or process disclosed.