As of 90 minutes in today the biggest slope improvements in the Lazy Portfolio are in XLB and EEM. This is the hourly bar chart and it helps illustrate how far those two ETFs fell last week relative to the other 3 components. I’ve made SMH the focus ETF (shaded chart) just to show how nicely it’s held up versus the pack. Last week the Lazy Man was in cash but as of Friday’s close XLB is once again the odds on favorite to return positive returns this week driven by the probability for mean reversion. The 1/3 ATR(8) trailing stop worked well for us last week with TLT and for safety sake we’ll apply it to our XLB position at a value of $.26.
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