Aug. 3 at 11:52 PM
I bought technology last week, and I’m adding more technology this week.
Here’s the setup:
Core portfolio: +4.14%
$SPY: +0.77%
$QQQ: -5.15%
$XLK: -6.97%
$SMH: -15.71%
I’m also locking in gains on
$MA after a 13%+ return from our entry.
The strategy:
We’ve been rotating from defensive positioning toward higher-growth opportunities.
After being overweight financials and healthcare, we’re gradually increasing exposure to technology.
Have we found the bottom?
Not confirmed yet, but conditions are improving. We need continued strength and follow-through days.
I don’t see another global financial crisis.
When fear reaches extreme levels and everyone is calling for disaster, that is often when the best opportunities appear.
The key is staying patient, staying disciplined, and buying quality companies when sentiment is weak.
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