Lions, FAANG'S Under Pressure-But Financials Take Off! By Gregory Mannarino
Ripping the face off of this market!
Yesterday I posted an article here on Steemit with the title of: "Lions! Watch for a rebound in financial stocks." Well today in early trade this prophecy was realized. Yesterday on my website TradersChoice.net I had posted a position on XLF, (it is still posted there, click here:https://www.traderschoice.net/money-page--stock-picks.html ) and at the time I am writing this article that trade is up more than 20%.
I had also suggested that we would see a rotation out of tech, more specifically the FAANG stocks, and of these at the time I am writing this article Apple is the only one of the bunch meaningfully higher in early trade.
So why am I writing all this?
It is not to toot my own horn so to speak, it is because I want every single one of us, my Lions, to rip the face off of this market, and that is exactly what we are going to do!
As I have been saying lately, especially in light of the 180° turn regarding monetary policy by the Federal Reserve and the plunging dollar, the stock market almost has nowhere to go except higher.
Knowing that the Federal Reserve is committed to easy monetary policy, which includes weakening the dollar, we need to be looking for opportunities to get long stocks.
Looking ahead, once the financials trade plays out, we need to be looking for opportunities to jump back into tech. Although this maybe several weeks away, we again need to keep tech on our radar screen-as I believe tech once again will lead the overall markets even higher.
Happy hunting my Lions!
Gregory Mannarino @marketreport
You hit the nail on the head again. XLF up 20% since yesterday! Really appreciate what you do brother!
Gregory, you are a good man for keeping your followers informed. I don't know how you do it, keeping up on current events, economy etc.... Always looking forward to your videos. Thanks again, Gregory.
Congrats on the XLF call Greg! Commodities are looking pretty good to me over the mid term here.. what do you think?
The weak dollar is commodities positive.
Thanks! I thought so
Yes, a VERY good trade on XLF by Greg. 1 day gain of 20% is mighty fine. I don't agree with Greg that he shouldn't be tooting his own horn tho. This would be me if I made Greg's XLF trade yesterday. :-)
Please comment on ICOs' effect on Ethereum, Bitcoin & Litecoin prices. Have you heard about ETF, on Cryptos. Do you like the idea? I always like to hear about, your take on precious metals. Thank You, Gregory.
I like them all here.
Again Greg you where totally 100 percent right and thank you for it and we upvoted
Man! You called it for sure. The XLF looks fantastic and the next leg higher. I am waiting and watching to pull the trigger on selling and moving to something else.
Thank you of your posts!
Personally I would have taken the $1.50 ish market price on those XLF $24 calls on the open. I'd have considered it a very good "1 day victory" on the XLF trade. Greg still holding tho...intrusting. :-)
I hear you.
great signal dear we should capitalized with it.
Great call Greg as usual. I don't know how you do it but well-done! :]
Hi Gregory, I absolutely agree on keeping tech on the radar. We have seen it before and we will see it again, where tech leads.
I agree with you on your trading ideas and also think that the lower value for the US$ will be good for gold and silver my favorite for those of us who do this. Thanks again for your input.