Shorting XLF - Financial Sector ETF
Posted on November 30th, 2007 in Short Trade |
Overall market so far is anemic. Shorting the [[XLF]] which is the Financial ETF. The XLF hit the resistance at $32 this morning and is heading down. You can either buy the [[SKF]] which is 2x the inverse of the XLF or buy puts. Bernanke will announce Fed rates on Dec 11 when he will probably cut another 25 basis points to increase liquidity. Thats a time to buy gold and commodity related stocks.
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One Response
Any thoughts on SNCR? Got in last week at $29.97. Lucky so far. Wondering if technically you see further upside?