Add the Financial Stocks to the List of Very Overbought Sectors
- It was a quiet day in the marketplace yesterday, but it wasn’t quiet around the NFL! Geez, who would have thought that a guy who has only won ONE playoff game in his career could make well over $300 million?
- We can add the XLF financial stock ETF to the list of groups that have become quite overbought. It could still rally a bit more, but it should start some sort of material pullback very soon.
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