Saturday, February 22, 2014 12:56:48 PM
XLF: $21.48 - Financials Update - A week after the last review of the XLF, we can see that it is bouncing between the channel lines of 21.7 (higher) and 21.2 (lower).
It's currently sitting around 21.48 which is about halfway in between the upper and lower channel lines, and also a doji which IMO represents some indecision.
It seems to be resting near the solid yellow support/resistance line near 21.50. Why do we watch the XLF? Because some peeps believe that Banks and Techs are the rally sectors. Good to keep an eye out on what they're doing. About a week after the last review, and the XLF is about where it was last time.
It's currently sitting around 21.48 which is about halfway in between the upper and lower channel lines, and also a doji which IMO represents some indecision.
It seems to be resting near the solid yellow support/resistance line near 21.50. Why do we watch the XLF? Because some peeps believe that Banks and Techs are the rally sectors. Good to keep an eye out on what they're doing. About a week after the last review, and the XLF is about where it was last time.
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
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