The purple line XLF Ponzo scenario is something to consider before jumping back in..
BTW, someone sold off $ 1.3 billion in Apple stock at the open....a likely case of buying the rumor and selling the news (Apple' new red iphone and ipad offering).
Actionable Risk Opportunities, Tactical Musings and Timing Indicators for Investors
Tuesday, March 21, 2017
Financials Plummet....03.21.17
Uncertainty about North Korea's intentions, the imminent threat of nuclear war, and the Republicans failure to get consensus on a new national health care plan combined to create a perfect storm for the financial markets as seen through the lens of XLF. And...there's little reason to think that we're going to see a meaningful rebound soon....the fact is those same uncertainties have plenty of room to fester and the next support level is down another 8%..
The purple line XLF Ponzo scenario is something to consider before jumping back in..
BTW, someone sold off $ 1.3 billion in Apple stock at the open....a likely case of buying the rumor and selling the news (Apple' new red iphone and ipad offering).
The purple line XLF Ponzo scenario is something to consider before jumping back in..
BTW, someone sold off $ 1.3 billion in Apple stock at the open....a likely case of buying the rumor and selling the news (Apple' new red iphone and ipad offering).
