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Daniel wrote:Today's leading sectors are homebuilders and financials. The latter has been pulled up by strong perf from its Insurance sub-sector.
KIE, the ins etf, has been up as much as 3% today! But, how many traders will want to be holding these gains over the coming weekend..? Am therefore watching KIE closely in the final hour... as well as the broad financial ETFs.
Financials.. short covering.. trying to hold the 200d SMA into the close 23.99 XLF 200d weekly ugly candle.. not exactly a bullish move…
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.