I took a fair sized position in SKF today. Here's my 60
min chart, but there are positive divergences on the MACD and RSI
on all of my intraday charts. There's also potential for
positive divergence on the daily MACD if it starts turning up from
here. A nice trade in the making, IMO.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Short Bank index
Posted by lsherrer on 5th of Jan 2012 at 02:36 pm
How best to play this? Are there any short banking ETFs for a swing trade?
probably best just to short
Posted by ditch on 5th of Jan 2012 at 03:37 pm
probably best just to short the financials by using these etfs- XLF,SKF,FAZ depending on your risk tolerances.
SKF - 60 min
Posted by pebs on 5th of Jan 2012 at 06:57 pm
I took a fair sized position in SKF today. Here's my 60 min chart, but there are positive divergences on the MACD and RSI on all of my intraday charts. There's also potential for positive divergence on the daily MACD if it starts turning up from here. A nice trade in the making, IMO.