With XLE now breaking down, XLF looks like it won't be far behind.
FAS is still giving better signals
This negative divergence looked like it would stick to a consolidation, but since it started leading, I'm taking a small profit in FAS for now and waiting this out, it won't have positive implications for the broader market with both energy and financials breaking down.
It still remains to be seen if this is a shakeout.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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