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Portfolio Trade Alert – April 10, 2023

By Lance Roberts | April 10, 2023

Trade Alert

We mentioned in our recent weekly analysis in the newsletter that Technology had become overbought relative to more “defensive” market sectors. As such, we could see a rotation out of technology near term. Such is what we have seen over the last couple of sessions. That weakness is within a few days of reversing the recent “buy signal.”

Given we also own the Equally Weighted S&P Index (RSP) and the S&P Tracking Index (VOO), we are going to sell the Nasdaq Tracking ETF (QQQ) for now and look to use this rotation to add to our individual technology holdings on the pullback.

Both Models

Sell 100% of the Invesco Nasdaq Trust ETF (QQQ)

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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