Preface to all sector posts: I’m not going to dance around it: I am very short again. I have 99 different short positions and am aggressively positioned for the week ahead. I have gone through all my charts and have broken a portion of them into distinct sectors. Here is the next gallery, and as always, you can click on any thumbnail for a larger image. You can scroll left and right through the gallery.
Slope of Hope Blog Posts
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OK, OK, want something not bearish? Even I am willing to admit banks/financials have had the stuffing beaten out of them and there’s a CHANCE they could find a bounce point around here (only to be followed by a plunge into the sumerian darkness). I covered my XLF at a nice profit earlier today, but I still have individual bank shorts. Here’s the regional bank fund:
It’s been a fairly mellow day so far (how excited can one get about an ES which is down 0.02%?) But I’m pleased with my short positions. Here are three financial stocks, all beginning with the letter “B” (which is an even more effective method than using Elliott Wave) and some suggested paths.
It’s quite a good day – – one thing helping is that the entire financial sector is re-weakening. Just take a look at the broker/dealer index. It has been stumbling and fumbling all year long, and a clean break of that horizontal would really get this party started.
Preface to all sector posts: This weekend I’m organizing charts in a different way. I’ve picked from my existing portfolio of live short positions and have grouped favorite shorts in specific sectors. Here are the selections for this group, and as always, click on any image to get a bigger view. Hopefully the markups will speak for themselves.