Sell Portfolio +3.20%
May 23, 2022
Last Friday was an unusual day in the markets. Both the S&P 500 and the Nasdaq undercut their previous lows which caused a reclassification in the markets back to Red - Market in Correction.
Normally we would exit a Red market. However, our portfolio vastly out performed the market indexes Friday, advancing 0.77% while the indexes collapsed. Because of this performance, we delayed our exit and were rewarded as the portfolio advanced another 1.9% on the day.
Having broken through our portfolio sell test of +2.5% or better, we sold our portfolio +3.20%. If you haven't already done so, we recommend that you follow suit ASAP.
Sell Portfolio +3.20%
Since the market is technically Red, we will not re-enter until it turns Green.
Please stay tuned.
Duncan Campbell
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