Financials

Financials Charts – Update

by Phantasmix

Click charts to enlarge

BKX Bank Index

Former support level at $25+ is now resistance. Note, there’s no open gap in BKX.
bkx_feb18

XLF

XLF has an open gap that may get filled partially; again, support became resistance. XLF is oversold based on all metrics, but financials need a catalyst to punch through these new resistance levels.
xlf_dec18

Position updates: still short [[FAS]] with a more aggressive hedge via short [[FAZ]].