Wednesday, January 23, 2013

A Quick Look at Financials / FAS / FAZ

I grabbed several charts in different timeframes rather than post 20 charts. XLF and FAS (3x Long financials) should show similar signals/trends while FAZ (3x short Financials) should be nearly the mirror opposite.

 XLF 2 min


 XLF long term 30 min

 FAS 2 min trend

FAS 5 min

FAS 15 min trend since the 11/16 cycle started


 FAZ 1 min leading positive

 FAZ 5 min leading positive

FAZ 15 min leading positive

I want to see what the other industry groups are looking like, there's definitely an increased rate of deterioration in Financials.

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