This is one of the weaker candidates.
I'll be watching though for a pullback in XLF/Financials and then... We won't enter ANY of these positions just on a pullback, they have to prove they have the short term accumulation to make them worthy of a trade.
Again I want to emphasize that the bounces to the upside I expect, are all very weak and the longer term or more important charts are very negative, so this is just like riding a bounce and then selling it and selling it short for the bigger move down.
For XLF, you can use FAS as a 3x leveraged equity long if you don't want to use options, when it is ready to reverse down again, you can use FAZ-3x bear financials.
Is interest rates about to start going up?
-
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
No comments:
Post a Comment