Wednesday, December 19, 2012

Financials Deteriorating a bit faster now

This is a fast moving market in many ways, take your eye off something for a few minutes and there's a change that is material; for example, Financials.

 XLF 1 min

 XLF 2 min shows some fast deterioration


 XLF 5 min shows some REALLY fast deterioration.

FAS and FAZ in the 10 and 15 min timeframes are still not where I'd like to see them, but with the 5 min chart moving that fast it may very well migrate to the 10/15 min timeframes very quickly.

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