SPDR S&P Oil & Gas Equipment & Services ETF (XES) Added

By on June 21, 2017

Casualty of WarThe energy sector has suffered a melt-down over the past several weeks as the price of crude oil has plummeted YTD. SPDR S&P Oil & Gas Equipment & Services ETF (XES) was added to the SMA Portfolio this morning at $15.00 per share using cash available in the portfolio.

I’ve also placed a limit order at $29.80 to purchase a stake in the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) with the SMA Portfolio’s remaining cash.

There appears to be panic induced selling and margin calls in the oil production sector leading to apparent bargain prices. We all know that these downturns can last longer than imaginable, but this one should be nearing it’s end. I invite visitors to read the article at this link -> http://www.dailywealth.com/3569/two-emerging-world-powers-will-change-the-oil-industry-forever

Disclaimer: It is very difficult to outperform a buy and hold strategy. Many investors have found themselves well served over long time horizons by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Information presented is based on analysis of past data and assessments by the Tactical Timing System model. Future performance may not reflect past performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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