Financials Breaking Out

Check out the strength in financials (XLF).   Year end strength is this sector will be just what the doctor ordered to keep the rally going.

The bullish cup and handle formation sets up a measured move to $22.60, or about 6 1/2 percent higher.    Stay tuned.

Nov18_XLF(click here if chart is not observable)

This entry was posted in Banking, Equities and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.