MichaelEugen1

Short idea #16-Lower highs & lower lows

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AMEX:XLB   Materials Select Sector SPDR
Hey all, XLB is in a downtrend. When you know what the trend is, you play with it accordingly. I perceive XLB will be a very solid short when $SPY reaches $389, and I will be shorting XLB. I think this is a very safe short with a massive safety net & margin for error.
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