Much like XLF and what I just said, XLK (Technology Sector) is a second close, this looks horrible too, I would not even consider a short term counter trend bounce in TECL or any calls, in fact, on any strength I'd be likely to add to TECS long (3x short Tech).
HORRIBLE!!!
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
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