Financials Notch First Crossover
Tim Knight | May 04, 2018 02:11PM ET
As brutal as Friday was, the big picture still hasn’t changed: lower lows, lower highs and a general downtrend (although I am really sick and tired of all these “fight backs” the bulls are pulling off). For a little perspective on this, here is the triple-bullish on financials fund, symbol FAS, on which I own January 2019 puts.
As you can see, we finally got our first bearish crossover on the two faster-moving averages for the first time who knows how long?
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