NAVIGATE THE STOCK MARKET FOCUSES ON: (1) Daily momentum analysis of the DOW 30 stocks and 15 ETFs across various market sectors. (2) Stock Market commentary and analysis. (3) Buy/Sell signals for major market turns. (((The blog is for information only. You assume all risk of its use; we don’t warrant the accuracy of our content. You must do your own due diligence.)))
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.