Type to search

Options Trading Wealthpop News

Could This Sector Be On The Verge Of Collapse?


ETF Watchlist

The market has continued its declines from last week after the Silicon Valley Bank collapse and there are still worries there could be a contagion effect that could spread to other banks.

As a result, every sector finished in the red last week. Staple and Utilities held up best, but that isn’t saying too much. Financials, not surprisingly, were hit the hardest. This was followed by Real Estate and Materials as sectors struggling with the news of last week, which accelerated a market that was already headed lower.

Financial Select Sector SPDR ETF (XLF)

Since there is a lot of uncertainty in the market right now, more specifically with Financials, this is the sector we will have on watch today. If the collapse of SVB spreads to other banks, we will look for additional weakness to spread throughout this sector.

Although the government did decide to step in and back the funds that would have otherwise been lost for depositors, investors are still worried that the worst may not be over. Keep this sector on watch for a possible short trade.

Check out the video below for my full sector breakdown!

My Smart Trades options trading service 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!

I look forward to trading with you, but until then, as always…

Good Luck With Your Trading!

Christian Tharp, CMT

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

  • 1

Leave a Comment

Your email address will not be published. Required fields are marked *


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