Where Is It?

As Ed Dowd says in this interview (time stamp: 19:16), somebody in the banking system’s holding The Old Maid.
As the overall markets continue to form what looks to be a top, maybe ‘the’ top, a process of (trade) iteration is occurring.
The objective is to determine which sector is the most vulnerable.
Short positions in the Dow and the SOXX have both been stopped out (not advice, not a recommendation).
With implosion of Tricolor Auto and now First Brands, the market itself is telling us, look at financial sector(s).
With that said, short positions have been opened in XLF, and KRE; both of which so far, are holding below their early session highs (not advice, not a recommendation).
Charts to follow.
Stay Tuned
Charts by StockCharts
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
The Danger Point®, trade mark: No. 6,505,279

