The 1st quarter is ending and the System will Sell the 5 current positions SLV XLF XLU XLE & XLV on the Close today.
These will be replaced on the Close Monday with QQQ NASDAQ 100 Fund, EFA Europe EAFE Fund, SLV Silver Fund, XLE Energy Fund, and XLP Consumer Staples Fund. (Or you can swap XLF, XLU, and XLV for QQQ, EFA, and XLP, and try to have 20% of the account value in each of the 5 Funds).
I was wondering if you expected a pullback in QQQ?
Thank you
$NDX weekly chart (Nasdaq 100)- incredibly bullish, broke out of bullish wedge with successful back test.
https://schrts.co/GcDaZXYF
Yes, Mary. QQQ is getting too far off the Red Line (50-day avg.)
And Dumb Money is now panic Buying again on FOMO (Fear of Missing Out).
QQQ Chart
Please explain the sell recommendation of SLV and XLE and then buying them on thenew buy recommendation.
Hi Steve, The reason you would Sell the existing Funds would be to have 20% in each if the 5 Funds for the next quarter…
Not required, but more precise for the Rotation System (always 20% each quarter).
OK, It’s a rebalance . Makes sense. Thanks
Exactly!