Friday, June 15, 2012

"The Fuse is Lit for a Move in Financials" (XLF)

From Dragonfly Capital:
So many factors are coming together for the financial sector that you have to wonder if it will explode like a firecracker or turn into a dud like a sparkler. The chart below of the Financials Select Sector SPDR, $XLF, shows an ETF that has pulled back since mid March when the crap hit the fan in Europe again. But the price is now at key levels on many fronts....MORE
Financials Select Sector SPDR, $XLF