Not a positive look here

Financial and Consumer Discretionary sectors lead the way lower.

XLF (Financial Select Sector SPDR ETF) looks to be rolling over. Multiple indicators confirm the XLF is running out of steam (MACD, RSI, Relative Strength, ADX).

Our entry into the SKF (UltraShort Financials ProShares) looks poised to deliver great returns going into the fall.

This entry was posted on Monday, August 18th, 2008 at 7:03 pm and is filed under asset rotation, banks, bear market, charts, financials, growth, relative strength. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a comment