Home > Market Set Up > The Financials

The Financials

It seems as though we have formed a bottom in the financials. XLF the financial sector ETF reached an intra-day low on July 15th of 16.67 on extremely high volume and we had an exhaustion bar. The stock has been in an uptrend and closed today at 22.03.  Currently there is resistance at 22.50. Therefore, we will possibly look for a pull back to the moving average at 21.06 to get long.

  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: