The following Monthly chart of the Financial Sector (XLF) shows that it has been on a strong rally since mid-2017. It’s approaching major resistance around the 30.00-31.00 level (prior all-time high and double Fibonacci retracement levels).
The entirety of 2018 has been paradise for bulls. Triple-digit gains on the Industrials every day. Not a single down day – – not one! – – for the Dow Transports. No bad news, either political or financial, shakes the market.i
Steadfastly contrarian soul that I am, I present to you a smattering of shorts which, even in this horrible market for bears (surely there is a stronger word than horrible, but you get the idea), are promising. I present six of them here and an additional seven for PLUS members.
They are Arcadia Realty: