Financial Select Sector SPDR Fund
$0.38 (0.99%) Today
52 Week High
52 Week Low
7 Days Mentions
Just FYI... if this is a buy-and-hold portfolio, then the mix of 30% QQQM + 10% XLE + 10% XLF is likely to be pretty close to VTI in the long run (60% Growth + 40% Value being not far off current overall US stock market) but with more funds and higher expense ratios. I would just go with 100% VTI in that case. If it's not meant to be long-term buy-and-hold and you will change your portfolio composition over time, then nevermind.
There's an ETF for pretty much anything you could ever want. XL_ for any sector you could think of (XLE energy, XLF financials, etc), throw in EEM for emerging markets, MSOS for weed, PISL for psychedelics, PRINT for 3D printing, BLOK for blockchain, VO for mid cap, AVUV for small cap value! ARKK because you hate money, or just "say fuck it I give up" and put it all in VOO. It's up to you to choose *how* you want to diversify, and then I guarantee there's an ETF for it. And there's a lot of different strategies for that too. There's a shitload of websites you can find them on. direxion.com for example.
You don't want my answer. I went to cash in 2021 because my guess was that this would happen. So I'm just shorting stocks, have some SQQQ calls and XLF calls. Waiting for the bottom - apparently, we're not there yet. Besides that just researching what stocks to pick out of the sea of blood now that they're way underpriced. When the bombs stop dropping, there will be money to be made. Yes. I will go fuck myself. I'm sorry you're taking a hit, man. That sucks.
Does each contract count as a separate trade wrt to the pattern day trade rule? I definitely just accidentally got 10 XLF puts instead 1. I do not want to be this leveraged on a single asset, but on the upside it it could also singlehandedly save my portfolio if it goes down even a little bit Monday.
Scalping is not something I look to do as a anything more than an engagement play. If I do this, I simply trade the stock... ex: Sell 100 shares of WFC (because F that place), and buy an equivalent cash value of say... BAC, or XLF (banking ETF). This trade would be put on in the AM, and taken off ASAP. Stock trades cost me no commissions. I could do the same thing in an option chain. Buy a 90 delta put on WFC, buy a 90 CALL on something else of equal notional value... however this would cost commissions, and the bid/ask is often wider for far ITM options.
While I kind of want to pick up SIVB or ALLY (or maybe both, just one in two different accounts), this is a good example of why going with the crowd can burn you. A lot of people have invested in XLF to start this year, and the same kind of stuff burned investors with ARKK last year. It also isn't clear that it'd be helpful outside of in the long run, maybe losing you less money. Yes, in 2000-2001, you had old economy stuff such as banks perform well for a while until everything truly cracked. In more recent tantrums the Dow just gets hammered too and there is really nowhere that you can hide (has the most exposure to banks of the major averages). Only thing you can really do is learn how to hedge.
I was watching XLF last 2-3 months, market made XLF bottom on Dec 20th and then it was bullish until Jan middle before bank results. I was expecting it to go down after results when all banks are giving results and it exactly did. The issue is to watch closely the price and know the fluctuations. Market looked XLF 3 weeks before and made it appx peak during results time.
No I know what you were saying I was just rambling. Yeah the bearishness market wide has increased a lot and it’s getting more crowded. But let’s consider the bullish trade over the past 2 years. That could be said to have been “crowded” as well. And yet it went on and on. Trends tend to be crowded by definition. It may be slightly too early to definitively say we are on a bearish trend, but economic data and technicals serve to add to that thesis more so than one in which this is another routine “buy the dip” situation. Tomorrow’s going to be a big day with us retesting that’s 4550 level so I think we’ll get more confirmation one way or the other very soon. Cut my XLF longs last week as well, but am still looking for reentry after further earnings ass chapping.
I guess i was unclear, I meant that you were correctly buying in when nobody was on your side, even being to the point of nasty replies. Market rewarded you and everybody floods over to join team bear. I am just saying that perhaps the side is now too crowded.. everyone is bearish tech, long banks and long oil. Banks Bulls already got their ass shot today. All while i was quietly building a position in FAZ. Cashed it out today cause XLF met my target of the 50SMA and don't want to fight BAC MS earnings after they have already got a cut. Nobody is wanting ARKK names, the fintech names, nobody is buying puts on oil. Thats my play right now, again shortterm, tech will pump again, and thats a new opportunity to go short when SPY retests its 50 and 20 SMAs before March brings an entirely different environment, and i have a hunch that Mr Market wants to squeeze the last few drops out of retail bulls right before we see a "real" correction. (looking at TSLA, AAPL, MSFT GOOGL etc)
Goldman shat the bed and now financials and banks are fukk. Estimates have to be really sky high for a good price action moving forward. This is an easy quick short for XLF. Calling it again. Easy money boys. Don't sleep on this one.
It's not clear if you're asking about JPM or banks in general. In general, it's not possible to make one determination for all banks. Are you thinking about XLF? You also didn't mention any kind of holding period, which makes answering the question difficult. As far as JPM, you'd want to look at their expected lowered return on equity and expected costs going forward, which Jamie Dimon already addressed. Have some kind of model of valuation for them, and that will tell you the correct buy/sell points. Anything else are just opinions you won't know if are valid or not.
High inflation is followed by rate hikes, more persistent high inflation requires greater extent/more rate hikes. There are etf that hedge against rising rates, e.g. PFIX, or etf that short treasury bonds like TYO. Retail/consumer banking get benefited during rate hikes too (if short-term and long-term rates widen, i.e. yield curve steepened. Consider XLF, VFH, stocks like BAC JPM and WFC. Last but not least, so your due diligence.
If you want a full on market puke, you LOVE the fact that TNX was very close to up a full 0.1 a couple hours ago. It had me cringing (i clearly don’t want a full on puke). I have 2-2.5% this year, but it’s going to be 2% by Wednesday at this rate and if it is, that likely causes the market to plunge period outside of XLE, yes, it has helped XLF at times, but it has gotten roped in on bond routs if it’s too much.
Yeah, like I said earlier today somewhere else, the bank sector kind of got hammered in the morning on 10/13/2021 after JPM reported. I remember as I had been frustrated at that point. Not because I was in JPM options and it sold off, but because the market wasn't performing all that great. But then everything reversed and banks getting smoked in that morning (XLF finished -0.57%, but it definitely was worse at the lows of the day) turned into an indicator of...nothing one day later.
I’m 90% QCOM plays right now, so mostly just letting those keep printing for me until 2/18. Also holding MS and MSFT upside plays through their respective earnings. And will see if XLF calls are worth holding once Europe closes tomorrow. Avoiding SPY completely this week. Even with my pocket change
I went for XLF recently but I don’t gave many expectations of it to go up anytime soon. I am in for at least 5-10 years so it doesn’t really matter I also got BP, I find them to have a huge potential, especially as they are adopting “green” model at fast pace. Also got XOM month ago, it should go up, but not to much. As soon as they peak a bit I will sell and move to BP. Also I got into RIO, just based on my feeling that they will do quite well in upcoming years. They are getting more sustainable which should reduce costs and are acquiring lithium mines to keep up with growing demand. Even though they had few scandals I believe they are in good position to grow.
International Large Cap Value ETFs are looking good. Dividend stocks. I think Energy will be strong all year. They were up a lot in 2021 but there is still value to be had. Anything with lots of cash, strong cash flow, and isn't trading at a PE of like 50 is on my radar. Semiconductors. Holdings include COWZ XLE XLF CFG VLUE CDC FCX. Lots of 7.2% I Bonds and 9.5% yield stablecoins.
Let's see. My self directed IRA doesn't let me buy options less than 7DTE, so i kept the call side of my XLF strangle in that account. Looking good so far. Also sold a bunch of 2.50p CSPs on some shitty microcap (rhymes with Dingo Dentures) for some theta action. I'm a degenerate gambler so decided to buy a 467C / 461P straddle for Monday.
I got XLF puts. Let's see how these go at open: [https://imgur.com/YeUMJQk](https://imgur.com/YeUMJQk) I can also almost guarantee my XLF are utterly fucked lmao, do straddles count for 0dte? If not, then I'll just submit my T and LMT that are also utterly fucked lmao: [https://imgur.com/a/z3sWyla](https://imgur.com/a/z3sWyla)
The bank sector is down over 1.2% in premarket and plummeting based off XLF, and I can’t say that I’m surprised, because people piled into the banks. I would like to grab one, but I wouldn’t be surprised if they didn’t perform as anticipated, as this is what the crowd rushed into.