Portfolio Trade Alert – January 10, 2023

By Lance Roberts | January 10, 2023

Trade Alert For Equity & ETF Models

Last year we sold all of our energy stocks near the peak as they were extremely overbought a deviated from underlying moving averages. We were waiting on a correction to begin rebuilding those positions, which we started today. We are adding 1% of Devon Energy (DVN) to the Equity Model and 1% of the SPDR Energy ETF (XLE) to the ETF Model. We will look for additional weaknesses to increase those positions with a stop at recent lows.

Equity Model

  • Initiate a 1% position in the portfolio of Devon Energy (DVN)

ETF Model

  • Add 1% of the portfolio in the SPDR Energy Sector ETF (XLE)

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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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