IvanLabrie

#XLF: Financial names look strong

Long
AMEX:XLF   SPDR Select Sector Fund - Financial
I like the setup here for some quick gains in this ETF . Downside risk is very low compared to potential upside within the next 10 days give or take.
Longer term this could go higher, value stocks are strong in general due to inflation concerns and the reopening momentum.
Best of luck if taking this trade.

Cheers,

Ivan Labrie.
Trade active
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Crypto, Equities and Commodities. Contact me here or @ http://www.fb.me/LabrieTrading

Comments

I like it from here $37.32 or so ! Below that maybe $36.79 again but I doubt ! Bull run to $40
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I'm thinking about jumping in. Thank you for your analysis.
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