Monday, October 25, 2010

Financials not performing well

However, XLF is showing it's first positive divergence on a 1 min. chart so it should see an intraday bump higher. The market is in an indecisive spot with 3C, but I assume if financials get a bump, then the SPY/market should see a bump. The dollar is the wild card as it has nearly retraced all of the gains since this weeks open, it's moving toward the Friday close and right now looks to be gaining some momentum.

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