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

3 comments:

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.

Vernita said...


Better Service,Lower Price,Get More Fun at http://www.rs2joy.com/