Trade Alert – Equity Model Only
We previously owned Albemarle (ALB) due to its leading position in lithium production. We had bought and sold it numerous times previously for a good gain. We re-entered the position with a very small sizing (1% of the portfolio) as a starter position for a new holding. However, the materials sector remains under pressure, and the technical setup for ALB is failing. We are stopped out of the position today.
Small and mid-capitalization stocks continue to underperform so we are stopping out of the Russell 2000 Index ETF (IWM) in the ETF Model.
- Sell 100% of Albemarle (ALB)
- Sell 100% of the Russell 2000 Index ETF (IWM)
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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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