The Founders Group will be taking a 10% position today in the XLE (Energy), IWM (Small Cap), and QQQ (Nasdaq 100) October 15th monthly at-the-money calls.

Energy has already been building relative strength but will be boosted by Hurricane Ida. Small caps have a good chance of finally breaking from their 6-month basing pattern after bouncing off the 200-EMA. They have already risen above the mid-point of the range.

The IWM also helps our exposure to Financials and Energy. We will have to watch the Financials for any impact on insurers from the hurricane, but the bank weightings should overcome any insurance company exposure.

We will also be taking a 10% position in the QQQ, exposing us to the FAANGMAN-T mega-caps and the NASDAQ 100. 

We will be easing into the positions all day on 5-minute chart dips.

This brings us up to 50% invested.

A.F. Thornton