September 19, 2018

Nike’s Take A Knee Pattern Revealed

Housing numbers released today gave a pleasant surprise to a key sector of the market. Financial Intelligence Training (FIT) students will know this important sector is the financial sector and why it is such an important area to watch as it may help gauge the market’s strength or weakness. So why the lift in XLF? Well, the better than expected data had the 10-year treasury’s yield jump, sending the yield to over 3.08%. This is thought to help the banks with their spreads, in turn, fattening profits. FIT students will also know that another gauge of a healthy market is strong stock patterns. Join me in today’s talk from the Charlotte airport as we discuss this, along with the Colin Kaepernick saga and NKE’s earnings.

Be sure to follow me on Twitter @Al Abaroa.

about the author:

Al Abaroa

Al Abaroa began his career on an equity desk in 1993. He carries with him over two decades of experience as a Financial Advisor, and currently serves as Wealth Management Coach at Prosper Trading Academy.

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