As I stated in recent weeks’ podcast|videocast(s), we continue to maintain 100% of our tactical semiconductors short/hedge and added a “long bonds” TLT call spread (out of our derivative bucket).  The combined positions have EV (expected max value) of between 5x-8.45x. When we zoomed out weeks ago, it was our view that the semiconductor sector … Continue reading More Work To Do? Stock Market (and Sentiment Results)…