Trade Alert – Equity & ETF Model
This morning, we added half a percent to Ely Lilly (LLY) and reduced our exposure in the sector model to the SPDR Energy ETF (XLE) by 1%.
Lily has been consolidating for almost a year after a significant run. It is decently oversold and turning up on buy signals. We also added half a percent to Lilly on November 7th.
Regarding XLE, the graph below for tomorrow’s Commentary shows that oil prices are in a well-defined range. A break lower could send oil prices and likely oil stocks lower. We are still slightly overweight versus the S&P 500, but this brings us closer.
Equity Model
- Increase Ely Lilly (LLY) by 0.50% of the portfolio to a weight of 3.5% in total.
ETF Model
- Reduce SPDR Energy ETF (XLE) from 4% to 3% 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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