Trade Alert For Equity and ETF Models
We previously noted that we expected an oversold reflex rally in the market and that we would use that rally to add to our short S&P 500 index position and reduce our holdings of PFF.
That bounce came earlier this week with a 61.2% Fibonacci retracement. With the poor earnings announcement from Facebook/Meta (FB), we added to our short position and reduced PFF some more.
Equity & ETF Models
- Sell 4% of the portfolio position in PFF
- Buy 2% of SPDR S&P 500 5hort (SH)
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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