Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Friday, December 21, 2018
XLF Financials ETF Daily Chart; Bear Market
The XLF, banks, topped out at 30.33 on 1/26/18.A -20% drop is a bear market which is the 24.26 level. The XLF is in a bear market. Humorously, the Wall Street pundits told investors to buy banks and energy stocks with both hands this time last year. Folks lost their shirt. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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