Category: XLF

Financial Bullidex ($XLF)

Although the financial sector closed positive on Tuesday, the corresponding Bullidex fell .62%, to close at 159. Higher prices mask the internals of the sector, which is decreasing in bullish breadth relative to volatility. This divergence suggests that the rally is false, and that shorting XLF or FAS is a good idea. The XLF remains…

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June 23, 2009 June 23, 2009 By charlie In , , , , , , , , Comments Off on Financial Bullidex ($XLF)

Attention Traders ($XLF $FAS $FAZ)

Yes, the SIMULTANEOUS SHORT SALE of FAS and FAZ has been profitable, so forget buying these pieces of junk, sell ’em when you want to take a position! Please bear in mind the risk of short selling. If you need to hedge, there may be no shares to short, causing alpha draining buys to cover…

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April 2, 2009 April 2, 2009 By charlie In , , , Comments Off on Attention Traders ($XLF $FAS $FAZ)