XLF Pulling Back

24 Şub

Looks like Financial sector is pulling back. How much? Anyone can guess. I see a couple gaps back through the $46 range that needs to be filled. There is much volume coming in and the sellers are taking control. We had a break down of the sector for the past week. If it drops below the 50 day EMA it could easily retest the 100 day at $48, so a $2 spread is not a bad trade. Do your due diligence.

13 Mar

İşlem kapandı: hedefe ulaştı

We are beginning to build a base at this level of support with volume coming in and a sentiment of change of trend looming. This trade has been great from $51 down to $47 with a full $4 pullback. It could test the 200 day moving average but, I plan to trim and exit the trade. On to the next.

3 Nis

Not

Look at that trade. If you are still holding a month later, it is still working as planned.