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Master Trader ETF Trade in XLF
New Trade Idea: Over $28.72, consider buying Financial Select Sector SPDR ETF (XLF). Technical Setup: Bullish Wide Range Bar (+WRB) Breakout from bullish multi-week
trading range above the major moving averages on the daily and weekly charts, monthly
has bullish engulfing.
Stop Loss: $27.60.
XLF is benefiting from drop in Bonds and rise in Interest Rates. We expect that to continue.
Markets are strong and holding near highs of the day.
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