Should you place these trades? No. Should you even think about it? No. If you’re in the New York metro area, should you spend today outside instead, enjoying the not unpleasant 55 degree weather? Most definitely.

The rolling top in the xlf chart combined with a tighter credit environment to crush financial stocks

The perception of a us recession is causing a pullback in the energy sector. As of mid-January, the energy sector's ETF - XLE has entered the upper end of an intermediate support zone. Only a full blown recession is likely to cause the xlf to fall through this support zone and prompt a re-evaluation of underlying price support