Weekend ETF Overview

One of the few sectors that has remained relatively intact for the prospect of lower prices is the financials. It is range-bound at the moment, but as long as it doesn’t push above that blue horizontal, this is still a good triangle setup for a fall.

Lastly, the XLI shows nicely the “mixed signals” the market is giving. On the one hand, the very broad long-term bullish uptrend is steadfastly intact. On the other, as the inset illustrates, that has been some recent damage to this pattern. It isn’t a break, but it’s worth noting.

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Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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