Posted by timebandit on 20th of Jul 2021 at 03:04 pm
Jury is still out on SPY and the markets. Breadth has been
strong. I don't regret taking profits where I did, and you're right
that XLB looks vulnerable, but I'm feeling pretty cautious on the
short side here with the earnings wild cards in the mix
Shorting XLB here. Chart is
Posted by timebandit on 20th of Jul 2021 at 01:58 pm
Shorting XLB here. Chart is from last night's newsletter, updated to today
Ok, timebandit, you were right-on,
Posted by Ray on 20th of Jul 2021 at 02:27 pm
Ok, timebandit, you were right-on, with the 61.8 Fib on the SPY trade; so, I will join you on this one. It looks vulnerable.
Jury is still out on
Posted by timebandit on 20th of Jul 2021 at 03:04 pm
Jury is still out on SPY and the markets. Breadth has been strong. I don't regret taking profits where I did, and you're right that XLB looks vulnerable, but I'm feeling pretty cautious on the short side here with the earnings wild cards in the mix
Thanks! Grabbed some and up
Posted by jackbnimble on 20th of Jul 2021 at 02:23 pm
Thanks! Grabbed some and up so far