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SPDR Select Sector Fund - Financial

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XLF trade ideas

Wedge up for xlf recently the banks have pretty much sold off which is expected while the S&P lingers at the top... usually when the large indice is up and down creating and compleating H&S formations into other formations we catch a wedge up. now brk.b latest movement to ath was created by movement in coca cola. so largest holdings are bac brk b well Fargo black rock etc.... large bank holdings. if these guys even move back to support here from $39.58 closer to $40 Monday morning were looking at putting the $42 call in the money by end of December and the $43 call for January 21st is on .5 now with a quick move up can print these bad boys to .35 + easily. I know inflation is bad for banks for is fed not force feeding the banks' bad? Also, if you're not bullish look at the last time we got a solid trend bounce on the yearly and just imagine the ideas of a bull.
AMEX:XLFLong
by ismartinvesting
1
Momentum has fallen, price will follow- The MACD indicator is a very common and useful indicator to measure momentum - You can clearly see how XLF had a bearish cross for the MACD while price has crawled higher for 4 months - This is a very clear sign of dying momentum and almost always precedes a correction - If you see the linked chart below, XLF has been going through a clear distribution phase for a few months now takeaway: ~11% correction to the ~35 level in the very near future. (couple weeks)
AMEX:XLFShort
by markethunter888
1
Clear distribution last 5 monthsThis is a very simple and clean chart which shows the areas of distribution taken place. The red zones are generated by looking at the volume profile indicator. As you can see, those zones exactly correspond to choppy price action which is very typical of a distribution. If you want to be bullish, I would at least wait till ~35 level which is approximately the 200d SMA. This would be ~10% correction from current levels Don't buy into this week's earnings hype; its a trap.
AMEX:XLFShort
by markethunter888