Shorting in to strength-Sector Rotation

That was always the intention of using this bounce since last week, we've seen technology and Financials swap positions back and forth, but if I were looking to add to a short today, it would be in financials., specifically, maybe BAC.

 XLF outperforming Tech today...

 However looks like the underlying trade is distribution. REmember BAC and the break of $5.00 and how it is probably hedge funds biggest holding they would like to erase from their portfolio when the 2012 prospectus goes out.

 XLF 2 min

 XLF 5 min

And BAC. Remember when it broke $5.00 and I said, they'll be looking for any strength to sell BAC before the year end, which for hedge funds is the 27th.