Weekly Performance Update: Week of 12/9/24

Market Recap

CPI on Wednesday sparked a strong move for the markets, specifically for tech and QQQ with a move up of almost 2% on the day. IWM was weak all week and SPY also moving up but giving those gains back and closing down a bit for the week. Gold showed and impressive move up, only to sell off hard late in the week, and TLT resumed its downside plunge that started in September.

(Click to enlarge)

---

Our Overall Performance - Big Picture

---

Our Performance this Week

Pure Alpha was basically flat for the week (up a few bucks). We had some GOOGL calls on from last Friday that we closed Monday, very slightly up, as the hedge for that position on QQQ had produced a decent gain. On news after the close Monday, GOOGL ripped on Tuesday and Wednesday. As we stated a few weeks ago on a ROKU call position that got trashed on some overnight unfavorable news, over thee course of time news-based moves will be around a 50/50 split for and against our positions, with the for side producing outsized returns (200% to 1000%) versus the defined risk of a losing position.

While we do not count on these, nor can we predict them, they are an aspect of the random nature of trading and based on our trade structures will allow us to capitalize on said events. I don't play the 'what if' game, but this one missed us by a day so we move on and continue to follow the process.

On that same vein, we have been 1-2 days off with catching Index moves for Hedge Fusion the last month or so. Again, this happens at times and overall risk is managed through position sizing. The 1-2 day moves seem to be in play right now versus the 3-4 days moves and we will look to capitalize on those for the time being and get things moving in a positive direction for HF.

We took some profits on some calls on ES for Futures Focus but those are part of a larger trade structure that will reflect in next week's results.

On a side note: We haven't issued any trades for Timing Leader, as our focus is on the Core Strategies for now, but we may shelf that strategy for the time being or it may more into some type of daily options signals (free for now via Telegram). More on this by year's end.

For more detailed performance check the following: Strategy Performance Page

---

The Week Ahead/Outlook

Not much Econ data this week and MU is the last of earnings for this quarter. It appears the market, at lest Tech, is still strong and baring any news based events our data indicates that upside should prevail into the end of the year.

Join Us

No Subscription Required for Pure Alpha, Hedge Fusion and Futures Focus.

Auto Trade our signals.

No subscription fees and fees based only on value provided!