“Scott Redler’s #630club - LIVE Premarket Stock Market Update”
XLF is bearish/weak due to trading below the 200-day MA; shorts are advised to cover as it may bounce before earnings.
So, uh I would go with that 100%. Banks no love yet. You're right. That's that's why people are having problems, you know, really getting that involved because they're like, "Oh my goodness, look at the XLF. the XLF is below the 200 day.
Holy cow. When the XLF is below the 200 day, nothing good happens, right?"