The following video provides the near-term & intermediate-term outlook for the financial sector via XLF & several of the largest financial companies, including an update on the XLF Active Swing Trade.
March 1st: An odd title for a stock market update in mid-April but in reviewing the charts to compose an update or weekly outlook for the market, I kept coming back to the same conclusion; Not a thing has changed in the charts or my expectation for where the US stock market is headed since [...]
The outlook for the financial sector, including the etf, XLF, using both technical & fundamental analysis. The video starts with an overview of the technical & fundamental outlook for the financial sector followed by the outlook for the following financial institutions: JPM, C, WFC, BAC, V & MA.
Detailed analysis of the US stock market including an overview of the sectors that make up the S&P 500 as well as the over-weighting of technology stocks in the Nasdaq 100. This video covers quite a bit, including detailed coverage on various major stock indices as well as all of the sectors within the S&P [...]
XLF (Financial Sector ETF) has hit the first price target, T1 at 23.06, for a quick 3% gain with XLF trading as low as 22.98 so far today. Consider booking partial or full profits and/or lowering stops if holding out for T2 or the potential T3, which may still be added as the official final [...]
The following notes & charts outline the entry criterion, price targets, suggested stop & beta-adjusted position sizing for a swing trade in XLF, the Financial Sector ETF.
The XLF (Financial Sector ETF) Active Short Trade has hit T1 for a relatively quick gain of 2.7% in just 2 trading sessions. Although I had planned to add additional targets & still believe that the financial stocks will continue lower in the coming days/weeks, please see my reply that was posted in response to [...]