Mar. 20 at 2:36 PM
Two observations: Tops take time, and money is already leaving
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1️⃣ Tops take time
They seem to happen all at once, but they actually unfold. Multiple divergences build before the turn.
2️⃣ Banks are topping out
•
$GS $COF $BAC: price structures weakening, outflows accelerating
• Even my favorite credit card names
$V $AXP are seeing significant outflows
Flow data
Institutional positioning in financials is rolling over. This isn’t one-off — it’s sector‑wide risk reduction.
Game plan
Start protecting portfolios: tighten stops, reduce financials exposure, and avoid catching falling knives.
Tops aren’t called — they’re confirmed. And the signals are here.