Few quick thoughts on Financial ETF (XLF)
It is nearing important $27-27.50 resistance area, most likely it will take a short breather and then, finally will say descending price channel Goodbye. I don't think that it is a good idea to go long or short at this point ( even for day trade) - action may get quite jittery along the way.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjz94NKs_djGAQd4-GpQpk8fVMnCHNkmbzKQbus1D57JzPs1vc-YJcrgJOviT-nPsfjADB4ZQj_tuCJ1xeHL3oJ-dewXMhBWk5jUX8FXAw5OxcwxEpy56nHLJQLMo_3WC-LNwfc/s320/XLF.gif)
(DUG) long and (OIH) long puts trade works very well so far - protect your profits - I will. ( As a matter of fact I already took some profits off the table on both in the A.M.)
(As you know DUG is inverse USO short oil ETF and OIH - all great runs ends one day or at least pulling back...some...andsome....and sometimes ...more ...and more )
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