If you´ve been looking around the U.S. banking sector you got to be depressed. Not one decent long setup. Sadly is that many of U.S. banks stocks are at a great discount at the moment. However they can get even much cheaper! So insted of going short in the majory of individual bank stocks i picked the KBE ETF. Could be XLF also. And the weekly TF presents a great risk reward opportunity. If we can get to see price rip to 46.4ish this week even better. A 3R and a 6R are perfect decent targets. If price does not gives the opportunity to sell at 46´s then the RR is lower but still a great technical trade.
If you want to learn more how Hedge Funds generate ideas please drop by at www.thecorktrees.net
If you want to learn more how Hedge Funds generate ideas please drop by at www.thecorktrees.net
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