GFBP PTracker Paring Down

Staying with Fixed Income and Currencies Going Flat Rest of Asset Classes

With the revisit to double top area in the Nasdaq the GFBP Positions Tracker will be liquidating all positions in the equity asset classes and look to enter new positions when prompted to in the coming days. We did hedge the NQ exposure by 50% as they rallied early and will be exiting out as indicated.

We will also be exiting out the Energy complex as RBOB put in a decent move today. We continue to be US $Dollar Bearish and thus our current exposure within the Currencies sectors is appropriate. As far as Fixed Income, we are staying long with a bias to the short end, but looking to add the Ultra on a decent pull back!

-Magnelibra Econemotions

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