Friday, December 1, 2023
HomeETF NewsTaking What XLF Gives (Or Not)

Taking What XLF Gives (Or Not)

In this article on 10/30 I highlighted a hypothetical example trade in Financial Select Sector SPDR (NYSE:XLF), based on:

*An expected bounce in the overall market

*Extremely negative sentiment for XLF

*A positive divergence between XLF price action and the 3-day RSI

Guess what, folks…sometimes this stuff actually works!

The example trade was intended as nothing more than a short-term speculation hoping for a “pop” in XLF. Figure 1 displays the current status of the trade (assuming the trader was willing to risk $500 on the trade) as I type.

Read more at :


Most Popular

Recent Comments