What I’m looking at this week
We’re going to dive into the Financial Select Sector SPDR Fund (XLF).
I want to put XLF in some context within our index, sector, and stock conversation because XLF is the number two to three weighted sector in the S&P 500 and it’s number one in the Dow.
It’s essential to think about the wider ramifications of XLF.
How can you make sure you’re watching the XLF in a way that you won’t miss the trade?…
If the S&P 500 and the Dow are going to continue higher, this will definitely create some wind behind the XLF. Even better than that, as the structure, what I like to look at with the JT Multi Trend, is something I call “double green.” That’s my confirmation that I’ve got a solid structure.
Check out today’s video where I’ll walk you through how I’m setting up for these trades