Hearing much buzz about the fresh relative lows for Utilities and Financials vs the S&P 500 
SPY this week... these relative trends typically don't move together so at some point one is likely to give...
Considering the underlying downtrend in Financials vs Utes, my bets on Fins underperforming and
XLF breaking to new lows vs $XLU... This is likely to happen in an environment where stocks in general are not doing too well.
Check out the chart of Broker-Dealers & Exchanges
IAI trapped beneath long-term resistance in the "related ideas" below - This also does not bode well for Financials as even their strongest subsector is currently trading below significant overhead supply.
SPY this week... these relative trends typically don't move together so at some point one is likely to give...Considering the underlying downtrend in Financials vs Utes, my bets on Fins underperforming and
XLF breaking to new lows vs $XLU... This is likely to happen in an environment where stocks in general are not doing too well.Check out the chart of Broker-Dealers & Exchanges
IAI trapped beneath long-term resistance in the "related ideas" below - This also does not bode well for Financials as even their strongest subsector is currently trading below significant overhead supply.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.