Trade Alert – Equity And ETF Models
We previously discussed that oil had gotten extremely overbought and was due for a correction. Over the last month or so, that correction came and has gotten overdone, with oil prices dropping below $75/barrel. Given the oversold condition of oil, we are adding back to our Exxon Mobil (XOM) after previously taking profits and increasing our stake in the iShares Energy ETF (XLE).
- Add 1% to Exxon Mobil (XLE), increasing the portfolio weight to 3%
- Add 1% to the iShares Energy 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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