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
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Ok, timebandit, you were right-on,
Shorting XLB here. Chart is from last night's newsletter, updated ...
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