Trade Alert

A bet against the end of the world....

I’ve been thinking about one of the charts I shared in today’s free newsletter.

Here it is, in case you missed it…

This is XLF relative to SPY - that’s banks, relative to the broader index.

For months now, this thing has been getting the shit kicked out of it - even breaking below prior support. But now, price looks to be inching higher - potentially setting up a scoop and score reversal that would send bullish shockwaves across the market.

Sure, if this thing breaks down below the March lows, we can talk about the end of the world. But until that happens…