nicotrading

Short XLF small correction

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AMEX:XLF   SPDR Select Sector Fund - Financial
1
After the strong "Trump" rally at the end of 2016, we could see a small correction in the financial sector. Indeed, we already saw the 10 year US yield going from 2.60 to 2.36, which isn't a good sign for banks in the short term.
Furthermore and from a technical perspective, the divergence between the security price (flat since 1 month) and the RSI (downtrend since 1 month) indicate a short term trend exhaution that could lead to a small correction.
Dagangan ditutup: sasaran tercapai:
Correction done, reducing the exposure of 75% and put a buy stop just below the entry for the 25% remaining.
Penafian

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