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!
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. :-)
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.
Thanks you for the update
Hey Greg!
I got into the Crypto space under your recommendation. Great stuff!
I started a contest for those who want to check it out.
It is The Cryptocurrency Challenge and I have 4 Cryptos that people can bet on the Daily High for that day and earn 50% of the posts. (BTC, LTC, STEEM, & ETH)
Could you check it out?
https://steemit.com/bitcoin/@revelationquotes/the-cryptocurrency-challenge-bitcoin-or-for-high-close-date-of-26-july-2017-or-enter-today
@revelationquotes
Thanks man
I am sure most of Your LIONS would like this competition.
I'll sell BTC here at $2595...ish. Log me in...and I won't exit the sell unless it trades below $2400 by the close on Fri. No make that 9 PM EST on Fri...just in case bitcoin longs are dumping even after the market is closed on Fri. Log me in. I'll take my winnings in fiat but I do accept gift cards, prepaid Visa and Master Card debit cards...shit like that. Sell here at $2595 (spot dead on) since I'm not sure it will make it to $2599.99...the "suggested" retail price I see in the commercials for bitcoin. Thanks.
The "live" bitcoin ticker
http://bitcointicker.co
Its just a contest
$2400 or bust...by Fri. Can I get a "sidenote" in the contest if bitcoin does break below $2400? :-) OK, a 1 day contest? I'll see if I can take it below $2400 by tomorrow. That's seems fair. ...no? :-)
You post your choice for a high and close of the coin. You can check it out at my page @revelationquotes
I'm just having fun with it. If I actually do get bitcoin sub $2400 by tomorrow evening per my new spew...send teh winner of your contest to me and I'll explain how I did it. :-)