Trade Alert For Equity & ETF Models – UPDATED
We will be using the current rally to begin further reducing exposure in portfolios. As noted in this morning’s commentary:
“If we get some follow-through this morning, the market will negate the break of support on Wednesday and should set the market in motion for an initial retracement to the 200-dma.
With the market oversold and triggering a short-term buy signal, such a rally seems probable heading into the March FOMC meeting. We suggest using this rally to further reduce risk and rebalance holdings accordingly.”
Equity Model
- Selling 1% of ADBE reducing holding to 1% of portfolio.
- Sell 1% of PFF bringing it to 3%
ETF Model
- Sell 1% of PFF bringing it to 3%
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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