Financials Looking Good $XLF

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SPDR Select Sector Fund - Financial (AMEX:XLF)

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AMEX:XLF SPDR Select Sector Fund - Financial

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XLF

Financials are looking good mostly thanks to Uncle Jerome's aggressive stimulus plan and banks of course "being too big to fail". With that said, there are several key players ($GS $JPM) in this space that are also at the forefront of financial services innovation and strong cash flows/liquidity. All of this paints a pretty bullish fundamental for the short/immediate term and with the additional announcement of a potential round 2 of stimulus checks... Money Printer go Brrrrrrrr?

From a technical standpoint, we are are about to breakout from a symmetrical triangle to the upside. My target is $25 with movement happening by 8/6. Hopefully the mods leave this up for you guys.

- PennyBag

Dagangan aktif:

Took 25% off here

Dagangan aktif:

Going to take 50% off around $25 then let the rest run

"Cut your losses early and let your profits run" - J. Livermore

Dagangan aktif:

$XLF holding the blue uptrend line - sooner or later this name will have multiple +5% days

Dagangan ditutup: sasaran tercapai:

Closed out this trade as my target was essential hit. Congrats to anyone who took this!

Penafian

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