Use The Bounce To Clean Up Your Portfolio

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Stock markets have experienced a nice bounce so far this week but it’s just a relief rally. Nothing has changed; the bear market is by no means over. So what you want to do IMO is use the higher prices to unload positions you’ve been stuck with while the getting is good in order to tighten up your portfolio for the continuing hard times to come.

Personally I decided to unload my tech holdings. I had been holding onto small positions in Micron (MU), Applied Materials (AMAT), Synaptics (SYNA), Oracle (ORCL), Dell (DELL), Docusign (DOCU) and Caterpillar (CAT). While these were not big positions and I continue to like all of them longer term I decided that now is not the time and there will be plenty of opportunities down the road to revisit them.

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