Dan Fitzpatrick posted an intra-week Chart of the Week … this time he talks about the a subsector of the Financials which appears to be poised for a move higher … he even goes into a potential trade with AMTD (Ameritrade).
This of course flies against my short-financials trade from a week ago. This trade, by the way, is not making money, but the thesis has not been disproved either. Let it not be said that I only post info that supports my trades! (Disclosure – I do currently own put options on the XLF)
Here is the link to the Stockmarketmentor.com Chart of the Week. I would also recommend signing up for the email updates that he sends out. You will learn from this guy. He is a good market technician.
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- Dan Fitzpatrick – free chart review I’m sure that most of you head over to Stockmarketmentor.com...
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