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hungry_hippo

XLF Financials in trouble

SPDR Select Sector Fund - Financial (AMEX:XLF)  
hungry_hippo Updated   
AMEX:XLF   SPDR Select Sector Fund - Financial
Chart Patterns
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Keep an eye on the rate inversion and financials. If this inversion gets worse or if financials break support then it's game over for the market.
Comment:
That being said, it looks like it's going to bounce next week. If it straight out tanks, then short everything at will.
Comment:
Market has another drop priced in, there was NO premium on XLF weekly in the money calls yesterday or today. Made a few hundred bucks, wish I had flipped them on open. I guess the market is expecting financials to tank with the rate inversion and all.
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