Wednesday, April 13, 2011

XLF: Is its cooked yet??



The Financial Select Sector SPDR ETF (NYSE:XLF) sits on a trendline that has been in the making since the March 2009 Lows. A few days and we will soon know if its done.
Yesterdays close was mentionable as the ETF opened above the previous days highs and closed close to the lows creating an outside day. The close was weak compared to the SPY.

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