Updating NDR tactical recommendations following several significant position changes last week. Closing Invesco Dynamic Semiconductors ETF (PSI) trade in response to tech sector downgrade. Initiating a trade in Invesco KBW Premium Yield Equity REIT ETF (KBWY) with Real Estate being lifted to an overweight. Maintaining iSHARES Edge MSCI USA Momentum (MTUM) recommendation, but watching breadth of the underlying holdings closely.
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