4 replies to this topic

[hiker]

XLF daily

Edited by hiker, 06 September 2007 - 02:42 PM.

[ogm]

XLF definitely underperforming, which isn't surprizing. The good news though, is that the rest of the market has managed to detach itself from XLF. Very nice A/D today for example, despite XLF weakness. We closed just above the 55 EMA on SPX... just nominaly.

[hiker]

financial sector is largest one in SPX...not possible for SPX to detach

[Darris]

The $SPXEW (equally weighted) chart shows the Bank weakness more clearly, IMO.

[SemiBizz]

XLF signals are consistent with Nasdaq... there's a theme in here - ya'll better listen. On lighter volume XLF was able to test the previous day's low but not the high... I can tell you by the way this thing behaves you can bottom fish this late next week after a bunch of bad news hits the street....we're building cause to retest that low. Go ahead let that roll around in your head for awhile... On lighter volume, able to test the lows - but not the highs...

Edited by SemiBizz, 06 September 2007 - 10:22 PM.