New Swing Buys

New Swing Buys

The Founders Group has just taken long positions in the XLF (Financial Sector ETF) and XHB (Homebuilders ETF). We are targeting 10% each. You can buy outright for cash. Or you can use options. We have focused on the September 17th at the money calls. See my previous discussion on these two sectors. They are breaking above Cup and Handle Patterns. The XLF entry price was 38.60 and the XHB entry price was 79.55.

As always, do your own homework.

A.F. Thornton

AF Thornton

Website: https://tradingarchimedes.com

A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.

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