Financials Update

I've been dying to bring you these trades as I've watched 3C signal them, but as always, price is the final arbitrator in the market.

Here's XLF-the ETF representing financials.

XLF has broken the first line of resistance, as I write this, it just broke the second line as well.

 3c 5 min negative divergence


  3c 10 min negative divergence

  3c 15 min negative divergence

  3c 30 min negative divergence

 3c 60 min negative divergence

All of the 3C timeframes have lines up showing distribution in the lateral movement the last few days.

 Above is the 15 min 3C chart for FAS-Ultralong financials, it looks just like XLF 15 min

Above FAZ-my favored trade here, ultrashort Financials (you buy this long), the 15 min 3C is showing big accumulation here, the mirror opposite of the Ultralong

 Here is BAC, remember I said it was going to have a difficult time breaking resistance at $13.40 and hold it on a close, it has not been able to do so. This is another possible play short.

JPM broke out of a trading range, but the last few days have set up a reversal signal to the downside and if it breaks support near $41.50, then it's a false breakout and JPM should fall quickly toward the $36 area initially. 

If you like any of these trades, I'd not waste too much time. It's been awhile since anything other then Cats and Dogs trades have lined up so well, and even better in 3C.