I still like the XLF put or FAZ long, as the SPY is seeing worse 3C intraday signals, as you might imagine as it is fairly Financial heavy, Financials are also seeing similar negative signals and this is a nice area as far as risk goes, whether XLF puts which unless fading, I prefer August or FAZ (or SKF 2x leverage) long, I think both look interesting here from an entry or tactical perspective, from a longer term strategic perspective, you already know I like them.
I wanted to get this out ASAP, but I will get some charts for you on Financials this morning
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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