The SPY-X has been renamed "Beta" to better reflect its inherent strategy and, encouraging for the bulls, our VXX position was stopped out at the target 31.57....generating a 1% loss for the day and putting us in cash until we either get a re-entry signal on the VXX or some other element of the model pops into first slot.
Despite today's loss Beta has done exceptionally well over the past few weeks while M3 has dithered in cash. Going forward the decision I'm faced with is whether or not to simply abandon M3 and focus on Beta. The use of the inverse ETFs,ETNs in Beta does give it the ability to be used in IRA and trust accounts where short positions are not permitted so there is a clear advantage and potential increased profitability if we simply adopt the Beta format. I'm still working on it.
