Monday, June 15, 2009

Watch The Banks.

The Financials stopped going up over a month ago.
The entire recent market rally was on the backs of Crude/Energy and Tech, which also look very vulnerable for a correction.


PHLX BANK INDEX



AMEX OIL AND GAS



Parabolic Crude Rally Unsustainable.

POSTED BY JayTrader AT 6/15/2009 12:28:00 PM

1 comment:

  1. AnonymousJune 15, 2009 at 3:21 PM

    The Banks are about to break, but Energy and Crude can still correct and be in up trends.

    ReplyDelete

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