Price action is “risk on” as they say. It’s time to get more aggressive.
But first, let’s get rid of XLP, the only current loser in our open portfolio.
SPDRs Select Sector Consumer Staples ETF (XLP) daily
Recommended two weeks ago and down about 2.5%. This defensive trade is off due to support violation. Looks like money is flowing out of toilet paper and into toilet paper delivery companies…think AMZN…the one that got away…for now.
Sell XLP.
Review of all other open positions…
Intel Corp (INTC) daily
Recommended October 10. Up 12%. Continue to hold.
SPDRs Select Sector Financial ETF (XLF) daily
Recommended September 29. Up almost 4%. Continue to hold.
SPDRs Select Sector Health Care ETF (XLV) daily
Recommended on June 21. Up about 4%. Continue to hold.
SPDR EURO STOXX 50 ETF (FEZ) daily
Recommended on March 29. Up about 13%. Continue to hold.
iShares Core MSCI Emerging Markets ETF (IEMG) daily
Recommended on March 29. Up about 15%. Continue to hold.
iShares MSCI China Index Fund (MCHI) daily
Recommended on March 29. Up about 30%. Continue to hold.
Schwab International Equity ETF (SCHF) daily
Recommended on March 19. Currently up about 13%. Continue to hold.
Facebook Inc (FB) daily
Recommended on January 17. Currently about about 40%. Continue to hold.
Global X Social Media Index ETF (SOCL) daily
Recommended on January 17. Currently up about 40%. Continue to hold.
Our long term and multiple open positions in SPY, QQQ and XLK continue to rip. Hold.
Likely buy alerts coming this week.
Trade Smart,
Don