@GotPennyStocks Or maybe it could be an old fashioned shake out the weak hands and reverse back to the retest the high in the(spy),but I think the big opportunity will be in iwm for the next couple months.
WARNING: Anyone spending thousands on a trading coach/mentor should first demand the following:
●3 to 5 years of monthly statements from their personal accounts accompanied by a performance table
●Attestation or audit report from a certified auditor
As a young trader i cannot confide in my real life friends for advice, i feel ahead mentally in a financial aspect. They dont know about working on yourself, becoming disciplined, making a plan and sticking to it, or losing everything....only to make it back the next day
ICYMI: Lot of investors sounding the alarm on the 10yr yield @ 3%. A 10yr at 3%, 3.5% or even 4% isn’t the stone cold killer of $SPX.
Here’s your Verbal Kint. Keep an eye on him, he’s the real killer.
KCN
@OTC3000 Pull up a 15 yr chart of the XLF and the KRE and compare it to the TNX and then evaluate what the chart does as rates went down compared to where prices was when rates were higher.
@OTC3000 Higher interest rates can provide a boost to banks by contributing to a lift in their net interest margins, which leads to higher earnings and with that you have this administration lowering regulations for bank lending to small business Interest rates are a +, i think.
@OTC3000 Bro idk about puts on the (XLF), banks are positioned strong tax cuts + higher interest rates + market volatility= more money for banks..even the (KRE)! thats just my thoughts and i could be wrong but im talking buying these little dips and holding 2 months and re-evaluating ?