Long term investors should consider locking in some of their gains in the Financial ETF’s as well as BAC by 30%.
I like this sector long term, but we’ve come a long way and
some retrenchment is likely.
REE…use a 16.40 trailing stop on this high flier. If
you get stopped out 12 could be in the cards.
Be glad you only have some small long exposure left in the metals. We might look to buy over the next week for the last rally into Feb.
29.50 basis ( March Silver) would be a good spot to pick up a small amount of the Silver ETF ( SLV)
with a tight stop.
