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Financials At Resistance (by LZ)
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I realized I’ve mentioned XLF, but it merits another shout-out. This isn’t a huge top, but it’s an awfully clean one. I am long September $42 puts, so that’s 150 days of juicy possibilities.
I’d like to suggest the finance fund, symbol XLF, as an appealing short. I’ve bought September $42 puts on this bad boy, which has a broken trendline and a cute lil’ H&S top.
The earnings season is finally starting, and here are the key companies reporting on Friday morning:
Baby Bear brought this to my attention – – the gold miner EQIX has broken above its lifetime resistance trendline.