Thursday, June 23, 2011

Quick Trade In Financials

We'll have to see about the pullback and whether t starts accumulating, but in the short term (intraday), it looks like financials will fill some of the gap and that may be a trade some of you may be interested, perhaps long FAS for an intraday trade?

 XLF 1 min positive divergence

 FAS (Financial bull 3X) positive divergence

FAZ (Financial bear 3x) negative divergence.

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