Friday, January 25, 2008

EWZ, QQQQ short update

Here is the performance of the half long EWZ, half short QQQQ strategy since my post from last week.

Ignoring the little spike in EWZ the last minute of trading, EWZ is flat while PSQ is up about 4%, this gives us an average gain of 2% for the week. Not bad considering that this is a very conservative play in the market. If you skewed more toward being short QQQQ, then your performance would have been better.