Time to officially switch to a Bearish portfolio. The S&P is starting to go from Neutral to *slightly* Bearish.
I'm giving the Market a -1 Rating. In a 10 position portfolio, I'm looking to be short 4-5 positions. If you've been following along, CYTK and YUMC were mentioned in previous posts, so that's a good start.
If you've got any long positions underwater, maybe think about dropping some of them now - they might not come back in the near term.
I'm looking to go short in Healthcare, Real Estate and Consumer Cyclical.
Energy is still holding up, barely, and Materials has turned Neutral.
We've got lots of upcoming earnings, so expect some Earnings Plays this week.
-Good Luck and Happy Trading!
Disclaimer: This information is for educational purposes only. I am not a dealer/broker nor am I a licensed investment advisor. This is not a recommendation to buy or sell any securities. I do not know your personal risk tolerances or financial situation. Never risk any money that you are not willing to lose. Options involve risk and are not suitable for all investors. The information provided is thought to be correct at time of publication. I may or may not hold or trade any positions in the securities listed in the newsletter. It is possible to lose all or most of your money. Please consult a professional, licensed investment advisor.
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Triggering Trades
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