Not by design as much by trend following, we find our trading portfolios Long Bitcoin (Crypto Basket) and Short Bonds (TLT Puts). Other positions aside for now, these two Big Picture Ideas are working and but for passing speed bumps every few days, the trends are strong, getting stronger and most importantly for our portfolios, profitable. The chart below chronicles the downtrend in TLT from August, 2020. Note how prices have broken down out of the trend regression channel. If price doesn't rise back into the channel soon expect a new, steeper leg down. Today's Fed announcement may provide a temporary respite, but longer term bonds are headed lower. Both our PRO and Premium portfolios are holding TLT puts that expire Friday. We will be rolling over into further out expirations consistent with this TLT downtrend that started in late 2020. New rollover strikes and expirations will be forthcoming. As for Bitcoin, today's performance numbers: Bitcoin +3.00% GBTC +4.37% ETHE +2.62% MSTR +7.00% RIOT +12.14% HVBTF +8.13%
