Trade Alert For Equity & ETF Models
As noted in this morning’s 3-Minutes video, the market is returning to its familiar pattern of a correction to the 50-dma and then a rally to all-time highs, a sideways consolidation, and decline back to support. That correction back to support, as discussed, has previously occurred right around options expiration week.
With that consideration, we sold the remainder of our SPY trading positions.
Equity & ETF Models
- Sell 100% of the remaining SPY position.
Lance Roberts is a Chief Portfolio Strategist/Economist for RIA Advisors. He is also the host of “The Lance Roberts Podcast” and Chief Editor of the “Real Investment Advice” website and author of “Real Investment Daily” blog and “Real Investment Report“. Follow Lance on Facebook, Twitter, Linked-In and YouTube
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