The financial industry model has given a bull indication. For finance I track with the leveraged ETF FAS.
So Friday morning at the opening I will buy (with paper money) FAS.
This goes against most TAs' expectations; they called or are calling for a market top at the present time and they're expecting a downturn. This could get interesting.
-----------B U L L I N D I C A T O R S--------------
Finance, based on FAS.
Small Caps based on TNA.
Biotechnology, represented by BIB
----------- Remaining B E A R S--------------
Small Caps based on SAA.
Energy, based on ERX.
Real Estate, based on DRN.
SP 500, based on SPXL.
Technology, based on TECL .
Basic Materials, based on MATL.
Retail, based on RETL.
So Friday morning at the opening I will buy (with paper money) FAS.
This goes against most TAs' expectations; they called or are calling for a market top at the present time and they're expecting a downturn. This could get interesting.
-----------B U L L I N D I C A T O R S--------------
Finance, based on FAS.
Small Caps based on TNA.
Biotechnology, represented by BIB
----------- Remaining B E A R S--------------
Small Caps based on SAA.
Energy, based on ERX.
Real Estate, based on DRN.
SP 500, based on SPXL.
Technology, based on TECL .
Basic Materials, based on MATL.
Retail, based on RETL.
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