Good morning, and welcome to today's edition of A Better Way To Wealth! Last week, I shared with you that when I'm looking for broad exposure to a sector, I prefer to look to a liquid exchange-traded fund (ETF) rather than trying to pick a specific stock. That led us to talk about the Financial Select Sector SPDR Fund (XLF), which we're revisiting today. As a refresher, price action tested the orange structure below and settled above the black structure on the week of July 18. Because I'm an ultra-conservative trader, I then proceeded to identify an internal channel trend line, which was just recently broken to the upside... |
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