Wednesday, June 1, 2011

Update On SP-500, and XLF

SP - 500 - Weekly 
  • Got Our Bounce Yesterday
  • Good Amount Of Poor Data Out There
  • Could Force The Fed To Do QE3 - IT WONT MATTER IN THE LONG RUN
  • Bearish If We Break The 1320 - Could Start To Free Fall
  • Bullish If We Break The 1347 - Get One Last Pop To 1400
XLF - Weekly 
  • XLF Is What To Watch ATM
  • Banks Are Getting Hit Hard With Lower House Prices
  • If The Banks Start Falling, Look Back In Your 2008 Fall Play Book