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IvanLabrie
Dec 11, 2023 1:02 PM

$XLF: Financials are unloved and ready to rally Long

SPDR Select Sector Fund - FinancialArca

Description

Interesting long term trend in AMEX:XLF here, paired with record low positioning for hedge funds, makes for a low risk vs reward and highly appealing long setup.

Additionally, paints a positive picture for the broad market as well.
I present to you the sector ETF, now it's up to you to find the hidden gems in the sector that will likely reap the largest rewards...I will try to find these and report to my clientele of course.

Best of luck!

Cheers,

Ivan Labrie.

Comment

Almost a new high in AMEX:XLF
s3.tradingview.com/snapshots/7/7eV0fpFF.png
fading Wall St working
that seemed like a very extreme positioning reading
last Q...
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