You can read the full post here, but below’s a brief intro:
It’s been way longer than I would have wished since the last portfolio update, but here we are. Two things caused the gap:
Momentum drawdown: the momentum sector (which I primarily trade) suffered a big drawdown. My portfolios were down approximately 25%. I was doing a lot of shorter-term, tactical, defensive trading that did not lend itself to the longer swing-trading style communicated by these portfolio updates.
New baby: We had our 3rd child born around the middle of November. Combining that with Thanksgiving holidays, it’s been an incredibly busy time where I had little time for any extras.
All that being said, I really felt we had set a bottom Monday, Nov. 24 when we regained the falling wedge and 100 DMA on NQ:
It was at that point that it would have been appropriate to start sharing portfolio updates again, but it was Thanksgiving week and I barely had time to pore over charts for myself, much less take the time to share my thoughts.
Without further ado, here is my portfolio as of market close Thursday, Dec. 4:
I’ve shared a lot more charts and thoughts over on the blog…