As long as FOMC ramain hawkish financials will continue to add in gains, however, next week we don’t have catalyst to continue move up, except that Trump might say something on tuesday. The prior pivots for trading this week is 24.68 and 24.31 on XLF which are also the highs and lows on weekly chart of the last week. As long as XLF hold 24.31, stay bullish and watch for follow through to clear 24.68 level, trading strong stocks. If bears build up power and broke 24.31, see if they hold and watch for follow through to 23.90, trading weak stocks.
- Strong Stocks : MA, TSS, V, AGO, ALL, CB, PGR, XL, L ,ATH, PFG, PRV, UNM, ASG, MMC, AMP, MTB, PVTB, STI, JPM, GEO.
- Weak Stocks : WU, AIG, AMTD, BRX, LHO, SPG.
Smart Trading Blog 