Superstock Investor

Morning Matters:

First Buy In Ages For Morning Matters Portfolio
by Geoff Garbacz

June 5, 2020

We are back to investing the Morning Mattes Portfolio from 100% cash. Today we will recommend buying the Advisor Shares Dorsey Wright Short ETF (DWSH). The current price is $18.99 and with futures strong we will get a better price on entry.

Technically, we are not there yet in terms of a new buy BUT we like this ETF with a tight stop of $16.50. June is typically a tough month for stocks so this could be a really nice trade.

Below is a chart that shows current price which is at an all time low. A great entry point.

[Image 1]

The great thing about this ETF is we get to see the holdings. The largest weighting is in Consumer Cyclical that has run on the reopening. Valuations are clearly stretched and this makes sense. The second highest short is in Financials and third is Energy.

Buy shares at 9:45 a.m. EDT to allow for all shares to open. It will be at a lower price than current price more than likely.

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