Taking profits out of FSPTX before the Cliff

Taking profits out of this FSPTX 401K trade before the market goes over the cliff along with the reputation of the Republican party.

It was tracking up my blue dotted trendline nicely, but I've decided to minimize exposure right now.

It's quicker to buy back in if you are wrong, than wait for it to come back. It's also easier psychologically to deal with kicking yourself for being cautious, than kicking yourself for two months while the market recovers.

FSCSX Dividends 5.6% in under 30 days

Got a shock today yesterday I thought some of the end of year viciousness in the stock market had had wiped out my perfect technical entry into FSCSX ... but no, just 5.63% dividend getting paid and the stock readjusting. Whew. Should read those prospectuses more closely. I've held this less than a month on this trade, so must have unwittingly bought just before the dividend record date...

Now it just needs to follow my blue trend line back up to $94.

Previous FSCSX posts:

Buying back into FSCSX after pullback

Sell FSCSX - 3rd profitable trade this year

Re-entering FSCSX after two profitable trades