XLF trade ideas
$XLF Financials failing at resistanceThe XLF ETF which tracks the financial sector of the U.S market has been battling to break resistance at $37 and the 50 day moving average. With the push lower in yields, fundamentally this is generally quite negative for banks and financial firms as this substantially decreases their profit margins.
We could potentially retest the bottom of the range at $35.00 and if that breaks then $33 could be in site which is around the 200 day moving average.
look this guys xlf EXAMPLE
Say u ahrt at 38 off daily stoch rolling over and it made a lower high hitting resistance
ok so know shrt off daily why hitting r1 and stoch rolling over. what i do next is watch my weekly and I wait for that stoch break 70-68% weekly stoch on bottom then i can add why trend down
ok drop to 35.18 daily stoch on bottom so u take 3/4 off the short keep 1/4 on
know she runs up daily stoch and boom stops at 50 day, but as she is running up look weekly stoch when it hit 50 day ma weekly stoch heading down and little tip stoch wide apart very neg, so it said stay shrt once it did not break thru add back on the 3/4 took off. Dont get scared out position this is for swing trading
XLF STAYING SHORT @ 36.60 smallDaily say wants to go higher but again look vol bad and under the 50 day MA.
Ok again daily stoch weekly bottom
see how the daily going up and weekly heading down that is called a head fake rally
why weekly holds more weight its heading south TRUST THAT WEEKLY
it never lies.
TA on IWM shortIWM a short I am not in this just showing TA
Look daily heading down on bottom should get a dead cat
bounce to the 50 day 225 support 213.58 -211.54
they break we go 206.55 200 day
Know look weekly stoch heading south trend is down
Ok lets go back to daily we can get a rally dead cat bounce 50 day
and fail why as long as that weekly stoch stays heading down while the daily
stoch rises it will fail. Trust that weekly just when it rallies reduce shares on short and trail the rest
then when ready add back to short. Very simple process
New Trend (Directional Bias)I have developed to Simply your lifeNotice is the difference between the other trend indicators available in the market vs the new and improved directional bias indicator. I have prepared to help my friends in this community.
It keeps you in the trade when you have to, not exit you out when there is a short pull back. However, when the pullback is not a fake one, It pulls you out.
FEEDBACK PLS.
I miss this stuff.
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 @ 37.42In 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.