XLF is looking exceptionally bad, almost to the point I can't believe it hasn't crashed, but from looking at UYG, SKY, FAS and FAZ, we have that 1 min positive like most of the averages and then things get ugly. The reversal formation in FAZ is very mature, I'd put these out there right now, but like the market and VXX, I want to see if these 1 and some 2 min positives lead ANYWHERE, it's clear though there's some real damage in the market that was obvious and called out in Friday's afternoon and EOD posts.
I'm glad I have my short positions pretty much squared away, hopefully we'll get a shot at a few more and just have that much more VIX strength and market weakness.
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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