Financial Sector ETF (XLF)

tested the important level of 26.20 and has held so far which adds further significance to the 26-26.20 area. The biggest reason for concern (besides the longer term downtrend) is the low volume of the rally from support. Only price pays, so it does not make sense to fight the trend, but failure to make … Read More

Impressive Action

today, although the volume seems to be running a little low for now. The SPY and QQQQ have made it above key intermediate term levels of prior resistance (134.50 and 43.50 respectively). The rally has brought these markets back above their declining 50 day moving averages and the direction of the key averages suggests that … Read More