This is a follow-up to the XLF setup from the previous week. I also share how to build the most effective relative performance scan for ETFs, Indices, and Sectors with the green GRaB Candle market trend indicator.
ES traded in range for most of Wednesday, but we are still holding resistance. I like having some bearish exposure, but I’m still buying my honey badgers too. Let’s run through some setups on each.
As of now, SPX continues to hold technical resistance. If we can see that start to come through in a bigger way, financials should fall as well, and JPM will be one of the first names I try to short.
How does the current structure play out in the Dow, S&P, crude oil, gold, bonds, and euro. This is an in-depth explainer of how Dow Theory and the 34EMA and GRaB Candles intersect.
How do GRaB Candles identify the four market phases and what does the structure of trending markers look like?
Indexes are against some key resistance, but these stocks have been holding up well. I’d consider buying them if we saw any kind of weakness.
