Tuesday, October 16, 2012

FAS/Financials

FAS (3x Financial Bull ETF) was mentioned as a trade yesterday and last Friday, this morning FAS is up 1.8% and off to a good looking start.

 FAS is more than confirming, it is still in a leading positive divergence even with the gap up this morning.

The Trend Channel has held decent swing moves in FAS before, if you want to consider that for a stop, the $110 level would be the current stop, but this will move up by the hour, feel free to email me for current stops

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