Weekend Annotations, Sector and Industry Context
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Broad US Indices
There has been a lot of relative weakness on the financial names over the last couple of weeks. I am noticing that XLF is qualified TD Propulsion up to 40.5
Citigroup completes its TD Combo 13 on Friday. The trade here is to start to build a position on Citigroup and if it holds, look to aggressively add against a low to hold for the levered beta.
If you are looking for something to short against it, I really like MS against 100. Clean denial of TD 13 Sequential risk levels and a 9-13-9 sell at the highs. TD Price Flip down after failing Prop Up on Friday puts us in a bearish position.