The inverse of FAZ is FAS. You can see the cluster of support here. If it fails, then support is at $6.65
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
The inverse of FAZ is FAS. You can see the cluster of support here. If it fails, then support is at $6.65
A lot of potentials can be seen at the moment. Hope it's stable.
ReplyDeleteSeems like its slowing down. I wonder why.
ReplyDelete