Trade Alert For Equity & ETF Models – UPDATED
We will be using the current rally to begin further reducing exposure in portfolios. As noted in this morning’s commentary:
“If we get some follow-through this morning, the market will negate the break of support on Wednesday and should set the market in motion for an initial retracement to the 200-dma.
With the market oversold and triggering a short-term buy signal, such a rally seems probable heading into the March FOMC meeting. We suggest using this rally to further reduce risk and rebalance holdings accordingly.”
Equity Model
- Selling 1% of ADBE reducing holding to 1% of portfolio.
- Sell 1% of PFF bringing it to 3%
ETF Model
- Sell 1% of PFF bringing it to 3%
