WearTheFoxHat
Long

SP Financial XLF Oversold 8/13/13

BATS:XLF   FINANCIAL SELECT SECTOR SPDR FUND
89 3 1
A Hammer candlestick in an overbought condition in the slow-stoch. Its bouncing off of support @ 20.25. A Fed board member that can't vote came in to save the day and told what the market wanted to hear, and perhaps especially what financials wanted to hear as they were all in the red before 11:00 am.

I think we'll move up through resistance @ ~21.00. I am setting up a stop loss @ ~20.25. This move will be confirmed with a close above 20.44 with higher volume .
I like this - wish I would of seen it earlier..would of held my DFS options through the week...
Reply
WearTheFoxHat
3 years ago
Technicals changed when the Fed official spoke.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out