Deja Vu

Has the melt-down smoke cleared, or was this week just the first Dominoe to fall?

The most recent post on the banking sector is here.

From that, we had:

“Financial sector XLF, has topped, reversed …”

The initial (nascent) downtrend was broken to the upside; short position XLF-25-07, exited with a small gain.

Then, we had this week.

The sidebar on yesterday’s post, shows a new short; XLF-25-08 (not advice, not a recommendation).

The update was about plans before the close. In the final minutes of trade, we have Uber short; UBER-25-04 (not advice, not a recommendation).

We’ll discuss both positions with charts over the weekend.

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279