Financials Show Strength

We noted a few days ago the bullish cup and handle formation in the financials (XLF).   This is one of our favorite charts and strength/leadership in the financials will bode well for the overall market into year end.

The XLF is set up for measured move higher of 5-6 percent.  We’re playing it with the leveraged ETF.

Could be wrong and a break of $21 negates the trade.   Always with a stop, sports fans!

Nov21_XLF ETF_DAY(click here if charts are not observable)

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3 Responses to Financials Show Strength

  1. Pingback: Friday links: headline hunger | Abnormal Returns

  2. Anonymous says:

    Financials have benefitted from 6+ years of wealth distribution. These parasitic free-riders will always find ways to bleed the American public, through bailouts, fee-based leakage, 0% forever policies, etc. I await the next blow-up from the financial gurus: student loans.

  3. Pingback: Weekend reads & daily charts …. « Fusion Blog

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