The Chartist activated a sell signal on May 17, advising subscribers to sell all stocks and hold cash (what editor Dan Sullivan calls the “umbrella approach”).
MGM Resorts International (MGM) was recommended by The Chartist at $14.03 in Investment Digest 714, dated February 29. MGM closed Friday at $10.33. Cliffs Natural Resources, Inc. (CLF) was recommended by The Chartist at $72.25 in Investment Digest 712, dated February 1. CLF closed Friday at $48.69.
Sell MGM and CLF.