Portfolio Trade Alert For Both Models
In the famous lyrics of the Steve Miller Band:
“Go on, take the money and run.”
After adding some index trading positions to our portfolios previously, with yesterday’s reversal, we are removing those positions to “take the money and run.”
Since the mid-March lows, the markets have had about a 5-week run, which is long and is due for a correction period. Such could entail either a sideways consolidation or a pullback. In either case, we are temporarily reducing our equity exposure and raising cash levels until our next trading opportunity arises.
Both Models
- Sell 100% of the Vanguard S&P 500 Index ETF (VOO)
- Sell 100% of the Invesco Equal Weight S&P 500 ETF (RSP)
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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