Thursday, April 14, 2016

Thursday market consolidating

Indices were mixed today, Thursday. The market is consolidating recent gains. BATS is released tomorrow. Expect the market to be higher for the BATS release (priced at $19 per share), then flat to lower.

This is a good time to go to cash, and possibly consider shorting the banking sector.
 
XLF Financial Select Sector SPDR ETF 22.98 +0.05
IYF iShares US Financials 86.05 +1.73
SKF ProShares UltraShort Financials 45.73 -0.23. Day range
45.36 - 46.29.


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