FINANCIALS!
After a consolidation, it looks like a spike up is coming. SPX may reach 1425 in this round, within a two weeks time frame.
Time for a FED PLAY. Long financial stocks, called XLF today.
Most sectors would rise, but not sure commodities stocks since they are too high and need a consolidation.
Also, chinese ADRs are hot in this round. Pay a close watch.
Good luck to all.
|