Tag: BPFINA

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)

Look Out Below

Here is a long term look at how bad this market is for investors. Nothing is going up and the volatility is high. Banks are making a run to 0. The only potential silver lining is the catastrophic ratio between down/up volume, but I wouldn’t wanna try and call this capitulation ahead of time. All…

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November 20, 2008 November 20, 2008 By charlie In , , , , Comments Off on Look Out Below