Last week we took advantage of the strength in the stock market to take profits. Today we continue doing so with another position.

When you have a chance, you should check out the latest issue of our FREE daily publication HX Daily.

We remain very bullish in the intermediate term but think in the short term it makes a lot of sense to take trading profits.

The position we are taking profits on is one that we put on about six weeks ago.

It is in a group where we have repeatedly taken advantage of sell offs across the last few years.

The group has some great long-term fundamentals and buying on weakness has been a winning strategy for us.

Today, we book another winner!

Here is the update…