SHORTED FINANCIALS TODAY: HERE’S WHY

Dec 5, 2011 | Charts, Portfolio

I took a mid-sized position in FAZ today. I have explained the trade from a price action perspective below. There are also reasons that go beyond price action, including current sentiment, potential news flow and seasonal cycles that are at issue here. I focus on price action because that is where I look first and foremost.

click chart to enlarge

BKX (FINANCIALS)


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