No SLR tread carefully on XLF and Banks in general
Typical recovery play, October/November seems to have been the best time to go long anything. On the shorter term, XLF is bouncing off a bullish trendline, with over all a very decent bullish channel on the longer time frame.
However, this looks awfully similar to my ARKF play, where it had a similar set up, but cratered into the Earth's core. Jpow and friends have stopped SLR for now, which is bullish on the economy as it indicates less relief is needed, but I think it can be very bearish for the stock market. Since banks don't have all the free cash, capital requirements may now make the banks liquidate some assets.
I want leaps on XLF, as value play benefits seem to outweight high growth tech stocks right now with the looming fears in inflation and the Fed raising interest rates. Realistically, nothing is safe right now and I'd be very careful with long positioning.
Bullish reasonings, stimmy, a fat injection of cash. Things are reopening, vaccine outlook is great. Even some banks are buying Crypto too. My ARKF ideas may or may not have been tagged NSFW.
However, this looks awfully similar to my ARKF play, where it had a similar set up, but cratered into the Earth's core. Jpow and friends have stopped SLR for now, which is bullish on the economy as it indicates less relief is needed, but I think it can be very bearish for the stock market. Since banks don't have all the free cash, capital requirements may now make the banks liquidate some assets.
I want leaps on XLF, as value play benefits seem to outweight high growth tech stocks right now with the looming fears in inflation and the Fed raising interest rates. Realistically, nothing is safe right now and I'd be very careful with long positioning.
Bullish reasonings, stimmy, a fat injection of cash. Things are reopening, vaccine outlook is great. Even some banks are buying Crypto too. My ARKF ideas may or may not have been tagged NSFW.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.