Monday, December 17, 2012

XLF - More upside coming

Financials have shown tremendous strength in last month or so. XLF weekly chart indicates more upside coming for financials.  XLF over 16.40 has an easy run to 17.10-17.20 level. You can either play Financials through XLF or use a 3x long ETF FAS. I prefer playing this through strong names in the sector.  Here are few chart setups --

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