Joseph Greenwood @Ukjoehk: "We have entered moderately overbought..."

United Kingdom

We have entered moderately overbought conditions, which by my definition means over 10% of stocks on my screener are overbought. As such I trimmed a small number of positions, and will continue to do so if the market continues to rise. The cash raised was put into $IB01.L (iShares $ Treasury Bond 0-1yr UCITS ETF) as a "cash" portion which will remain until we next reach oversold conditions. All positions trimmed were either overbought or no longer meet valuation criteria. The following positions were trimmed by 20%. $MRVL (Marvell Technology Group Ltd) +83% $SLNO +57% $AHCO (AdaptHealth Corp.) +43% $AVGO (Broadcom Inc) +26% $NUE (Nucor Corp) +18% $MXL (MaxLinear Inc) +45% $PBI (Pitney Bowes Inc) +20% $ON (ON Semiconductor Corp) +26% $DLO (dLocal Ltd.) +15% $BTMD (biote Corp) -39% $RDDT (Reddit Inc) +3% $VNO (Vornado Realty Trust) -20% $OPFI (Oppfi Inc) -7% $ADT (ADT Inc.) -11% $CVCO (Cavco Industries Inc) +15% $AZTA (Azenta Inc) -16% Good luck all, Joe $NSDQ100 $SPX500

Not investment advice. The author may have financial interests in the mentioned instruments.