The chart below was created last fall, reflecting that Preferred ETF (PFF) was reflecting sweet price action as it was breaking resistance (see post here) CLICK ON CHART TO ENLARGE Below is an update to the above chart… CLICK ON CHART TO ENLARGE PFF is up almost 9% since the last posting and continues to reflect [...]
In the movie Groundhog Day, actor Bill Murray plays a weatherman, which finds himself living the same day over and over again. The 3-pack below reflects that many key markets are experiencing the same thing…resistance- CLICK ON CHART TO ENLARGE Prices moved higher yesterday which was a positve. The 500 index, Preferred stock ETF (PFF) and Basic [...]
CLICK ON CHART TO ENLARGE It’s pretty easy to find someone suggesting on CNBC that investors should own…”High Dividend paying stocks!” This post is not suggesting that ownership of high dividend paying stocks has been wrong or is a bad idea going forward. Three weeks ago a 3-pack of financial stocks was created, suggesting how key [...]
CLICK ON CHART TO ENLARGE XLF is testing a key resistance line this morning. How XLF handles this line in the sand will have much to say about the Macro Puzzle and which way to overweight, when it comes to portfolio construction in the near future. PFF is facing an almost identical sloping resistance [...]
CLICK ON CHART TO ENLARGE Financials have underperformed the broad market for almost 2 years! If history is any guide, for the broad market to move higher the financials need to be along for the ride. Of late short-term falling resistance lines have been broken in the financial arena, with is a positive for this [...]
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