Exposing Ideas to the Envelope of Serendipity

Contact moo at: bluechipbulldog@gmail.com

Tuesday, April 12, 2011

XLF Watch

A fair number of stocks in the financial sector are beginning to look somewhat bullish on longer-term charts. Note the cup with handle pattern that has formed on the weekly XLF chart as something to keep an eye on when the market turns back up. Confirmation is still needed, and we'll need to see if the bulls step back in today as the $SPX and $COMPX test support at their 50-day moving averages.

Trade well.

-- Brinkley
blog comments powered by Disqus