With much red on the screen, it might be worth looking for an entry into two high beta sectors, tech and finance. Currently S&P500 and Nasdaq both down over -1.5% intra-day …. it might be time to go shopping!
As we build up our core portfolio the are looking to accumulate stocks in both the IT and Banking sectors but I wan’t to wait a while before we choose specific names … so lets get our toes wet using the broad based ETFs but …
Although I think we are playing a bit a catch-up, having missed the the strong moves earlier in the year, I want to wait for lower entry prices as Trump creates US-China trade talk chaos.
BUY iShares Dow Jones US Technology
Microsoft (MSFT) and Apple Inc (AAPL) make up almost 31.5% of the index, and the index has returned 18.27% per year for the previous 10 years.
The Index is well off its 52 week lows, but I don’t want to chase it, so we want to accumulate below 190 with a target above previous highs (~210)