ETF CORNER

XLF : Closer to "C" ??

The intial chart on XLF i had posted on November 4th (Click here) is still working out pretty well. I had mentionned afterwards that we were getting closer to "B" around $15 (Here!). If the chart is to workout as well as it did previously .. then XLF should get closer to "C" around $13 within the next week or so.... stay tuned !

IWM : The weakest link !

IWM (Russell 2000) is the weakest index in comparison to SPY,DIA and QQQQ ! We are trading on IWM at prices not seen since August,wich is still not the case for the other major US indices ! This is the way I see it for IWM : A failure to close above $59.30 early next week would send IWM crashing down to $52 in the next few weeks !

SPY : Dooooo Bye !!!!

TLT : Is it safe to go long ?

On the last post on TLT (Click Here) I had expressed my concern when it broke below the (S) line ! Now that it has recaptured the lost support (possible fake) and trading above it ... there is still a silver lining for TLT, unless it breaks again below that blue line again !