Trade Alert For Equity And ETF Models
In this past weekend’s newsletter, we discussed the multiple “buy signals” the market registered, suggesting that with the “banking crisis” stabilized in the short term, the market could muster a rally to roughly 4100. To wit:
“With these buy signals in place, investors should modestly increase equity exposure, as the likely path for stock prices is higher over the next couple of weeks to months. However, with the banking crisis unfolding, such could limit any upside to equity prices near term until the crisis is “contained” or the Fed reverts to monetary accommodation.”
With that, we are adding a small S&P 500 (VOO) trading position to our portfolio to complement the Nasdaq (QQQ) and S&P Equal Weight (RSP) positions we added last week.
Equity And ETF Models
- Initiate a 2.5% position of the total portfolio to the Vanguard S&P 500 Index ETF (VOO)
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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