Financial Stocks (XLF) Looking Up

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By Mike Paulenoff | Published 03/13/2008 | Stocks | Unrated

Financial Stocks (XLF) Looking Up

Deep retest of Monday's low or another tease? Technically, I have lots of indicators telling me it is the former and that the Financial Selecct SPDR (XLF) is now in the early stages of revisiting Monday's high at 25.91 on the way to 26.50 thereafter.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.

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