Interesting news recently with the Suez and Acheron, even if it is not clear what to make of it from a return perspective.
xHL is not a mechanical buy signal. It made a nice profit in the 111 day period from 8/25/20 – 2/2/21 because these signals were tending to resolve to xFF. That doesn’t seem to be the most likely guess in the current environment.
The negative CO return this morning makes OC about 5% more likely to be profitable. XBI and LABU have been quite weak lately on negative CO win rates. Their OC win rate in this situation is only 38% over the last 37 days.
I will be away for the rest of the day.
