This video covers the 10 largest components of the KIE (SPDRs KBW Insurance Index ETF) by market capitalization (not the actually top ten components of the ETF, which uses a different methodology other than a pure market cap weighting). My reason for selecting the 10 largest components of the KBW Insurance sector was to make the case that I was not cherry picking the most bearish looking chart patterns out of the KBW Insurance Index, rather to point out the fact that nearly, if not all, of the top 10 largest components of the sector (by market cap) have all set [...]
as posted below, i'm spending some time updating the trade ideas on the site. AIG hit T1 on friday and monday, offering plenty of opportunity to take profits.
when i look at XLF (financial sector etf) and it's components, i see tons of bear flags and bearish pennants on the daily to 60 minute frames. here's some 4 hour charts and several XLF components. i'm aware that the last few days have had an underlying bullish tone, with the markets rallying into the close to recoup losses and close green but this is something to keep an eye on for now IMO.
not sure if anyone took this since i posted it on monday night, after the channel breakdown & it popped back up into the channel the next morning (uncle ben & co. have a big vested interest in this one and may try to defend it from technical breakdowns). still looks like an objective short entry on another break-down below that channel. first target marked.
For optimal viewing, choose the "Watch on YouTube" option, then choose the HD quality and Large player settings the bottom right of the video window. MAY 30th UPDATE: PLEASE NOTE THAT SEVERAL OF THE TRADES ASSOCIATED WITH THIS VIDEO HAVE ALREADY BEEN COMPLETED AND ARE NOT LONGER ACTIVE TRADES. THEREFORE, IF YOU CAME HERE VIA CLICKING ON A SYMBOL IN THE ACTIVE TRADES CATEGORY, PLEASE GO TO THE RIGHT OF THE PAGE AND CHOOSE THAT PARTICULAR SYMBOL FROM THE "POSTS BY SYMBOL" DROP-DOWN BOX TO SEE IF ANY UPDATED POSTS HAVE BEEN MADE ON THAT TRADE. I EXPECT TO HAVE THIS [...]