Good morning, and welcome to today's edition of A Better Way To Wealth! When I'm looking for broad exposure to a sector, I typically look to a liquid exchange-traded fund (ETF) rather than try to pick a specific stock. So, for this week's 1% Blueprint idea, we're looking at the Financial Select Sector SPDR Fund (XLF). Price action broke several forms of support and hovered around the area for several weeks before a reversal transpired. It then tested the orange structure below and settled above the black structure on the week of July 18. Here's where it could potentially go next... |
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