Trade Alert For Equity and Sector Models
In this morning’s Commentary, we wrote: “Overbought conditions are now pushing the highest level since the March peak, so profit taking is likely. What will be key to this rally is a pullback to the 50-dma that holds and works off the overbought condition. A failure of that level will lead to a retest of recent lows and a likely break to new ones. We took profits in our Amazon (AMZN) trade yesterday and will likely reduce risk a bit more here depending on today’s action.”
And that is exactly what we are doing this morning.
Equity Model
- Sell .5% of AAPL
- Sell .5% of MSFT
Sector Model
- Sell .5% of XLK
