×

It’s not goodbye, it’s hello Magnifi!

You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.

Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.

Take Me To Magnifi
Wealthpop

More Bank Failures Could Be Coming ⏤ Here’s The Trade To Watch

ETF Watchlist

the back and forth of the stock market continues, but there are some sectors that appear to be weak, no matter what the rest of the market is doing.

One of the weakest sectors in the market continues to be the financial sector. With all the uncertainty that surrounds banks and other financial institutions, investors are still spooked by the collapse of banks, as well as the possibility that more banks could soon follow suit.

This means we are looking at this sector closely for further declines and could open the door for a possible Smart Trades opportunity.

Financial Select Sector SPDR ETF (XLF)

Since we are keeping our eye on this sector for further sell offs, it only makes sense that we watch the XLF. As investors continue to remain skeptical on the health of the sector overall, it is our belief that we may not be out of the woods yet for this sector. A short play may be the highest probability trade we have at the moment should bank failure contniue.

Keep an eye out for any bank closures to confirm this trade or sentiment toward the industry to worsen.

Join my Smart Trades options trading service today to see exactly how my students and I trade these types of scenarios! Smart Trades is where I teach my students how I trade options on some of the largest ETFs on the exchange. As you learn, you’ll get exclusive access to all my trades with notifications any time one is put on. Now, you can learn how many use this high-income skill to achieve financial freedom. Join today!

Good Luck With Your Trading!

Christian Tharp, CMT

This post was originally published on Wealthpop