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XLF trade ideas

XLF- Mac-D serving as an early buy signal.AMEX:XLF has seen some channel trading from 2018 too early this year. Finding its range peak in February of 2020 it crashed hard and has been working it's way up since. In red and green (A-D) are the main support and resistance levels and I have noted on the MAC-D where price has reversed, and also accounted for some major financial events such as the Chinese trade war and COVID-19 pandemic. XLF seems to have found its new channel and will either retest its support on the downside and hold the channel or test the SMAs as resistance on the upside and possibly find its way into the former price range leading up to the election. I am going to use MAC-D as my signal to buy as we near a cross.
AMEX:XLF
by crawfordpaul
XLF Banking SPDR,, Breaks Down Sharply on Bank Fraud ChargesThe XLF Select Financial SPDR has this week broken down sharply with Point + Figure Daily Projections now Bearish to 20.79, or another 10% move to the downside possible. The catalyst for the sharp break came yesterday with Buzzfeed reporting that potential criminal indictments of certain EU banks, namely Deutche Bank (DB) are possible,for money laundering trillions of dollars of criminally linked bank funds. The news, and what may come afterwards, has the potential to induce a high amount of liquidity strain to the sovereign banks, With borrowing rates at almost historic lows, as well as already being negative in larger European banks, the prospect for a quick recovery to this latest crisis grows increasingly unlikely by the hour. World markets need calm, consistent and very strong financial trading partners, untainted by the news coming out of Europe this week, Should any type of this news, with a criminal underbelly cross the ocean to the United States banking system in particular, then the crisis could potentially explode casting potential liquidity issues here at home as well, Thus I suggest that you, stay completely away from these money center banks being questioned, for money laundering fraud until the cycle of drip by drip bad news stops.coming out. However, it appears that potential fraud discovered recently,has actually been going on unchecked for decades now. meaning it was approved from the top on down, in a systemic bow to the lawless, to use the system as they needed, and saw fit THE_UNWIND SEPTEMBER 23,2020
AMEX:XLFShort
by The_Unwind
XLF Getting as tight as it can getPicture perfect chart here. Only 4% between following key levels: - Support line has been tested 5 times & now coinciding with 50 dma - Resistance line has been tested 2 times & has been coinciding with 200 dma Daily RSI convergence confirming price action While in the middle of those support / resistance lines, 2 major dma's, we are also stuck between the 50 & 61.8 retracement levels (Pre-Covid high to Covid low) Is the massive $C breakdown this week to be interpreted as a signal of strength or a look into the future for the financial sector? With $XLK & $XLV having already posted huge recoveries and subsequent gains on the year, is it $XLF's turn to run hot in the reflation trade? Can $XLF hold its gains if the rest of the broader market continues to sell off lower, representing what would most likely be dubbed the 'Great Rotation' ? So many questions, however I think this chart & the $SPX chart is all you're going to need over the next month and a half heading into election. If (lol) - WHEN this thing breaks out, on notable volume and a huge move in the RSI, I think it'll drag the market along with it, whether to the upside or downside. ** I am currently sitting on a bullish $BAC position, so my bias is bullish but it can easily head the other way.
AMEX:XLF
by cduxtrades
A most insane proposition!I'm not sure many can deny that we are in the most bizarre market the world has ever seen. So, is it possible that tech stocks and especially FAANG-MT will continue powering to the moon and beyond, while everything else crashes?! It's a wild guess but I don't think I've seen anyone draw up a scenario like this one. (Warning: My downside targets on XLF are a real possibility. The XLK (in red) upside target is arbitrary and not based on any known theory except "up up and away!") Good luck to everyone!
AMEX:XLF
by supere
The Great System Reset?I will make one more attempt here to trace out the potential "super cycle" or "grand super cycle" bear market waves that I believe are still about to unfold. I am tired of the distortion caused by tech stocks in the S&P so will use the financial sector directly to try and map it out. Also, if markets truly continue to rise and disconnect from reality then I shall rest my case. Basically, what I see now is the government and central bank stimulus since the onset of covid sparked an unexpected "new wave" of bullish market players. I don't know exactly who they are, but suspect many of them are associated with the Robinhood application that suddenly exploded with new clients since the March market bottom. This explosion of "belief" in the power of the FED to always "save us" should complete the second wave of the bear market (or final 5th wave of the bull market where technology is strongly present). With respect to market psychology, this should also complete the "complacency" (or Euphoria with respect to tech) stages of market, so the next stages will be the deep declines of the anxiety, denial, panic, and capitulation (although tech may still have a few strong rallies). If the FED had only started supporting markets since covid arrived, I could see the case for a new bull market. However, they have already supported the market since 2008, including the "repo" efforts prior to covid, and their efforts have done nothing but create an illusion of success, all reflected in the stock markets. In reality, unprecedented levels debt have been created in every asset class imaginable, and wealth disparity is now wider than any time in American history. Therefore, I still propose that in order for the socio-political and economic structures of the world to restore balance, we will have to eventually endure a near or complete system reset. Although the stock market has still been holding up, we already see huge red flags of the breakdown of these structures in a wide number of global societies (ie. BLM, massive delinquencies and business failures, civil unrest). The market represents the collective sentiment of its players and for some reason, different than other times in history, there remains an extreme sense optimism and infallibility out there. It is like a large group of "dreamers" spurred by the FED's actions truly believe the we can disconnect from reality, accumulate debt and never deal with the real issues out there. Most traders are looking at the short term picture, but what I write about is a great global upheaval that will take at least a decade to resolve as shown in the charts. It will encompass a multitude of both enormous bull and bear waves, and possibly even complete shutdown of the stock markets. What can we do? Well, first look out for each other in the real world. Second, cash will likely be better than anything. Third, if you are a bubble player then go ahead and try to ride these rallies. Forth, ride the bear waves with me if you have the courage. At this point it seems like a folly, so I do not suggest, but heck I try to ride them anyway. Good luck and I'll begin creating some more shorter posts if we ever start trending down again...
AMEX:XLFShort
by supere
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