Wednesday, June 7, 2017

06/02/17 Financial Stocks Chart $XLF

Chart of The Day
Investors should use mark-ups and downs once price jumps the creek and breaks the ice from accumulation and distribution phases, respectively. Low volume dips and rips that run contrary trend are used as entry points. Investors slowly withdraw from the trend for the safety of the sidelines (sitting on the fence) once a selling or buying climax is identified.

Financial stocks, benefactors of what the majority saw as the "Trump rally", are losing momentum. What does this say for US stocks in general?

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