Thursday, January 6, 2011

Financials at Potential Resistance

Stocks were led higher since December 1st by Financials. The leveraged Financial ETF (FAS) is now at a pretty important price extension. The uptrend does not have to terminate but be on alert for at least a pause in the uptrend.

The inverse of FAZ is FAS. You can see the cluster of support here. If it fails, then support is at $6.65


commercial real estate loans said...

A lot of potentials can be seen at the moment. Hope it's stable.

cash advances for bad credit said...

Seems like its slowing down. I wonder why.

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