GFBP Positions Tracker
Founding Subscribers Get Daily Access
Our Founding Subscriber base is our top tier subscription and with it comes full access to our work and most importantly a special daily update to Magnelibra’s Global Futures Benchmark Program (GFBP) Positions Tracker at the end of each trading day.
For our newer sign ups, free sign ups as well as our Monthly Subscriber base, we have decided to give you a glimpse of what we sent to our Founders on Friday. The GFBP tracker is a proxy to our individual managed futures program that Magnelibra Capital Advisors our registered National Futures Association member offers to its client base. The Positions Tracker is a proxy to the systematic process by which Magnelibra formulates sentiment in the various asset classes that we follow.
The Global Futures Benchmark Program (GFBP) is designed to capture alpha by undertaking long and short futures positions across a variety of futures products. The program is designed as a cross-asset correlation within the five following asset classes, fixed income, equities, currencies, energy and metals. The program may have positions on in all of these classes at the same time, or it may only utilize some of the products. Program long positions may be hedged utilizing both short covered call options and long put options. Short put option usage will be limited to entering into a new long position in a given product only. (We do not actively write options for alpha) It is the goal of the GFBP to take advantage of the current monetary policy of quantitative easing. Furthermore, the program utilizes statistical measures such as correlation, standard deviation, Fibonacci Retracement’s and exponential moving averages in order to gauge sentiment and directional bias. The program will engage and execute trades within the following sectors or asset classes:
INVESTMENT PROGRESSION
Here is the note we sent to Founders yesterday:
8/14/20 FOUNDERS SUBSCRIBER GFBP POSITIONS TRACKER UPDATE
The GFBP Positions Tracker continues in defensive Hedged Long mode as we attempted an ultra-bond long, but the settle back into the 217 area negated the long and we are back to Fixed Income US Curve steeper position. We added a long Nasdaq and will keep a very tight leash on that and will most likely cue on the R2K and the 1551 level as our key for now. Metals continue their volatility which may mean the dollar bears are still in control for now and as we noted we would like a back up in FX to get long FX vs US Dollar.
That is it have a great weekend, we hope you read our other posts we put out on the newsletter site yesterday and as always we thank you for being a most valued member of our mission and we hope you are learning from the data and insight that we provided.
MAGNELIBRA’S GFBP POSITIONS TRACKER
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-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.