World Weary

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Navigating a market this wild can get exhausting. I’m typing this just moments before the opening bell, and I’m ready to search out a hammock. In any case, I’d rather have a market like this than just about every moment of the decade prior.

Keep a close eye on banks, financials, and brokerages. Look how interesting the recent activity on the financials ETF has been intraday:


The bigger picture is what matters most. Click on the chart below to see the large version. It is an analog I’ve pointed out many times, and perhaps the most compelling one I’ve ever seen. This is a crucially-important analog. The kind of setup that can drive a market’s direction literally for years to come.

slopechart XLF