Friday, June 12, 2020

Sold my XLI Position

I sold my position in the Industrial Select Sector SPDR Fund (XLI) ETF this morning. I didn’t like the way XLI is acting vs the S&P 500. We were above the 200-dMA the last time I looked, so I don’t think this is a sell the farm moment.  Market action, fading as the day goes on, is not a good look. As I get older, I find I have no patience.  My % invested in equities is probably back to 40%, or so.