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ITMS

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Thursday, 12/08/2011 10:36:47 AM

Thursday, December 08, 2011 10:36:47 AM

Post# of 784
Financial Stocks Are Steering The Ship


All of the leading financial stocks are coming under some selling pressure this morning. The important Financial Select Sector SPDR (NYSE:XLF) is finally declining after an eight day rally. On November 25, 2011 the XLF was trading as low as $11.73 a share. Today the XLF is trading lower by 0.21 cents to $13.12 a share. Even with today's decline in the XLF this ETF is still $1.39 higher than it was on November 25, 2011. All in all, the XLF is still holding up well on the daily chart at this time. Traders can watch for some short term intra-day support around the $13.05, and $12.84 levels. ...Continue reading here: http://bit.ly/sKsrol
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