Today’s Trade Idea: Bucket 3 – Remove ITA, add XLE

See the full position lineup of our bucket 2 swing trading portfolio HERE

See the full position lineup of our bucket 3 investment portfolios HERE

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Bucket 3 – Remove ITA, add XLE

We are still on swing trading hold, i.e. not adding new positions, until we get past the Fed today.

We will however make a couple of moves in our bucket 3 investment time horizon portfolio:

  1. Remove ITA (Aerospace & Defense) as the intermediate bullish trend has gone to neutral trend
  2. Add XLE (energy) as more energy stocks are morphing from bearish to neutral and to bullish trend. Additionally, energy has a secular bullish story from a demand perspective (although that is a multi-year/decade story.

Chart: