Trade Alert For Equity and ETF Models
Our technical models are rolling over, signaling an increasing likelihood the recent equity bounce from lows is ending. We sold our trading QQQ position last week in anticipation and are selling the remaining trading position in RSP (equal-weighted S&P 500) today. We also sold half of our IAU gold position as gold broke critical support at $1700. The price of gold has been in a bullish cup and handle pattern, but the handle appears to be giving out. We still hold a 2% position in IAU and are watching it closely.
- Sell 100% of RSP
- Sell 2% of IAU
