XLF Will be switching from a short to a long Daily says pull back more the stoch
Weekly says careful long but trying turn up
XLF trade ideas
XLF STAYING SHORT @ 37.42Weekly heading south trend is down and making lower highs
More selling than buying on vol
Financials suggessting yields aren't going to completely pukeI'm still bullish Financials, for now at least. Macro data is still showing growth and inflation rising (quad 2) but we will run out of runway on that as we move into 2nd half of the year proper.
Momentum is still to the upside, and may have bottomed for now. Also, we are rising on lower volumes last couple of days.
Let's see.
XLF STAYING SHORT @ 37.42Daily stoch says snap back up boom hit 50 day stopped. Look at Vol more selling then buying
Weekly says stay short don't get out. Daily lower highs
What A Scout isThis explains what a scout is. It is like buying ticket ball game but u have not entered stadium.
Most folks go in 200 300 400 or more hundred shares and goes against them they panic or cost average in. 25 shares allows stock wiggle room always add free commission. I am long 37.42
XLFNot really a Fib guy but I'm watching this. That extension at $40 has my interest. If price can get there it might time up with a pullback on SPY around 445ish (which I'm also eyeing).
XLF STAYING SHORT @ 37.42In these charts I am going show u how I play the weekly stoch and how I am never late.
37.42 I am short. Look at daily stoch heading down and look weekly heading down. So what weekly does allows me stay in trade longer I am never late if anything I get in to early
Daily stoch heading up but weekly stoch heading down.. Its called a snap back into a down trend.
XLF - IWM fractalXLF has been following a perfect IWM fractal so far. i overlayed IWM recent accumulation pattern on xlf. Lines up with what i think will be a further rotation away from value and into tech/growth next few weeks. accumulated longs at the lows last friday, and will leg into couple month out calls if it can consolidate like this.
XLF STAYING SHORT @ 37.42Daily stoch heading up can go a little higher
more selling buying and we have doji
Weekly just beautiful stoch heading down
and look candles pretty took 3/4 off when we hit support 35.46
waiting to add
all im saying is watch XLF tomorrowrising wedge looking great for the upside, would make a call option but im out of day trades, 10/10 recommended
XLF STAYING SHORT @ 37.42Daily stoch oversold more selling power then buying nice lower highs
under the 50 day
Weekly heading down so trend is down, any rally will fail as long as that weekly stoch heads down
called a snap back into a DOWN TREND
XLF STAYING SHORT @ 37.42Daily lower highs lower lows stoch heading down
vol good we need break that 100 day. But We can bounce here
35.18 100 day.
Weekly look fantastic trend is down
The Credit Cycle - Free Wealth is Over?Idea for Macro:
- Financial sector selling off heavily.
- While it's early to call a bear market, the exhaustion gap at an all time high is a reasonable signal for market reversal.
- XLF, XLE and FAAMG have been holding up the broader markets at this high... Cracks appearing?
Underlying conditions:
- Institutions will invest based on 18 months into the future (Druckenmiller).
- There are 3 relevant possibilities for the banks:
(1) Inflation is sticky, interest rates will be raised in the future, within 18 months. This actually increases the banking sector's profitability, but the price is declining because they have been speculated above valuations.
(2) Inflation is transitory, interest rates will not be raised, and we will have negative real rates. This will hurt the banks' profit margins. This is a possibility due to the 40 year demand-push deflation the US has been in (see Oil/CPI).
(3) More importantly, the economy will decelerate (deflationary). Liquidity components of the Fed B/S have been decelerating and global credit impulse (lending) has gone negative. No more easy lending, less loans, meaning less earnings for the banks. Investors know this and are exiting the overheated trade.
Either way for inflation, global liquidity and global credit impulse are turning down, so the Long Volatility trade seems to be ideal.
Why did global risk assets rise to such insane levels? Credit impulse - easy lending. Now that supply of sugar is gone. Only one thing left that can happen.
GLHF
- DPT
Staying short XLF 37.42Daily stoch still pointing down
beautiful lower highs and todays candle
vol lots more selling then buying 35.29 support
I can see maybe trying rally up some will see.
Weekly stoch heading down needs break 70-68% on stoch
nice candle and vol.
Long | XLFAMEX:XLF
It looks very bullish,
Possible Scenario: LONG
Call options, Strike 39$, 08/20/21
* this is my idea and could be wrong 100%
Staying short XLF 37.42Daily says wants rally some. Daily making lower highs. Lower lows
weekly turning over needs break 70%
Lets see we rally up making another lower high
I still believe banks drop more.
Quad Witching June 18th - Max Pain XLF Max Pain level for options expiring this Friday is $35.00
maximum-pain.com
Not financial advice.
XLFNot a Fib expert but 1.618 from the Covid crash low is $40. This might line up with an overall market pullback...
I am Short XLF @ 37.65Banks are no longer a long . They are rotating out of banks into Tech
Daily looks good nice engulfing candle, stoch pretty
look vol more selling buying
Weekly starting roll but still above 80%. I am early on weekly.
XLF Forecast XLF broke out of multi year resistance level at $29~ After multiple failed attempts. Typically resistance levels become support zones after prices goes thru them. I’m watching current trend for any weakness that could indicate possible move to retest $29.
On weekly chart PPO EMAs have crossed, but week is not over yet. It’s 3rd time this year this cross attempted to happen. If week closes with EMAs being crossed, it would indicate weakness of the trend’s momentum. Interestingly $29 is currently at .5 fib level since 2020 lows.
