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XLF trade ideas

Markets are not anticipating a Fed Rate Hike--Currently, the XLF is trading at a significant support level at 22.22s. The last time it broke this level was at the beginning of the year with significant recession risks. -- If the XLF trades above this level, this indicates a short-term bullish outlook to the mid 20s. Could test the prior highs, especially if the FED comes out HAWKISH. -- Risk defined at : STOP: below 21.30s Target Entry : 22.50 Target Exit : 24.00s -- Markets are not pricing in a FED rate hike for March, and a surprise hike could send this to higher levels and even break former resistance levels DISCLAIMER: Trading foreign exchange and equities on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
AMEX:XLFLong
by Chronos
TWINS: XLF & IWM, BOTH MOVE IN TANDEMI believe IWM is setting up for the completion of a long top which is rolling over. I believe IWM will fall to about $95 before moving on to higher highs. For those of you who chart XLF, please be aware that XLF and IWM move in tandem. If you are charting one then you are charting both. Both are lagging, both have had technical bounces, and both need to participate in the "stock" market if we are to have a meaningful move higher. The above chart is of XLF, but the thick bright green line is IWM. As you can see, these two issues move together. I hope this has been helpful and informative. May all of your trades go well. Don.
AMEX:XLFShort
by 649bruno
MACRO VIEW: XLF AT MACRO UNCERTAINTY, STILL RECOVERING FROM 2008Financial SPDR ETF is still recovering from 2008 losses and did not make it back in terms of prices. On long term basis - XLF has only recently crossed back the 10-year mean upwards (now at 21.50) and have been in 5-year uptrend until the recent August selloff. Currently it is trading within 1st standard deviation from 5-year mean, showing no macro trend. On short term basis - XLF is also showing no trend, as the price is trading within 1st standard deviations from 1-year and quarterly means. In summary, the 5-year uptrend will resume only after price will cross back 24 (5-year uptrend border). Until then, trend is lateral.
AMEX:XLF
by Killy_Mel
XLF Financial Sector: Weekly linear: XLF Topping Soon??Although the DJIA and the SPY keep making new highs, the XLF hasn't quite made a .618 correction. This in itself would indicate some weakness and indicate that when or if a major bear market develops it may be a big loser. The way I see the price action from the 2009 low to now is a A-B-C correction with the B wave the form of an expanding triangle. Using this concept it forms a good looking (to me) channel. One fairly common relationship is for the C wave to be a fib relationship to A. Commonly C=A, or C=.618x A, or C=1.618x A. Another somewhat common occurrence is for a correction to be a .618 retracement. Both of these may occur soon at the rectangle labeled C? I will be watching this action the next few weeks for signs of a reversal then go short. Hope this is helpful. Have a great upcoming week.
AMEX:XLF
by goodguy