Author: Chris Kochiya
Covestor models: Sector Trends, Stocks Gold Treasuries US Dollar
In the month of April, I scaled out of the S&P 500 (SPY), scaled into iShares Trust Barclays 7-10 Year Treasury Bond Fund (IEF) and held onto the SPDR Gold Trust fund (GLD). These trades fit with my trend-following strategy.
The model fell just 0.3% during April, while the S&P 500 fell 0.8% and the benchmark Dow Jones Moderately Aggressive index fell 0.5%.
I will now sit and observe what trends develop during the month of April, and once again be prepared to rotate out of the weaker trends that I see and into the strongest trends.
