Trade Alert – Equity & ETF Models
We have been nibbling at stocks that have reached extreme oversold conditions during the recent decline. Today, we continue that process by increasing our weight in Arista Networks (ANET) in the Equity portfolio and the Megacap Growth ETF (MGK) in the ETF model.
While markets are deeply oversold, we may not yet be at the ultimate bottom. We will wait to see the market hold some support level and confirm a bottom before doing a complete portfolio rebalance across all models.
Equity Model
- Increase ANET to 2% of the portfolio)
ETF Model
- Increase MGK to 4% of the portfolio
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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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