https://www.ftportfolios.com/retail/etf/ETFholdings.aspx?Ticker=FCG
The downside target of 2000 to 2020 was hit on the S&P at 2019. The rally has now taken us to 2097 before backing off a bit on Friday. I did put on a small short position as the rally started fading from the 2097 level. At this point it seems as if we may trend a little lower, maybe to the 2060 level or so before resuming higher. Either way I feel I need to have at least some shorts on here as a hedge as I build the January Effect portfolio. So far I have targeted SKUL and TUES to be included in the portfolio and will add to those positions over the next few weeks. I am also looking to buy FCG as the energy component of the portfolio. FCG is a natural gas/oil ETF that may get some January Effect buying after the tax loss season. The components of the fund are generally small to mid-cap names. Here is the complete portfolio composition today:
https://www.ftportfolios.com/retail/etf/ETFholdings.aspx?Ticker=FCG Comments are closed.
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Paul SaadSenior Manager, Paul Saad and Associates, LLC Archives
May 2020
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