I took profits in Goldman Sachs (GS) today. It has been
showing weakness recently and the chart looks a little like a head-and-shoulders
pattern is still in place. The financials (XLF) have been showing less momentum
too. I can always buy it back later if
it regains strength.
I Sold the XLB-Materials ETF
yesterday – my first loss of the year. Materials were an inflation trade and the
market apparently agrees with the FED; inflation is expected to be transitory.
