TraderSutra
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.
1 comment:
Anonymous
June 15, 2009 at 3:21 PM
The Banks are about to break, but Energy and Crude can still correct and be in up trends.
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The Banks are about to break, but Energy and Crude can still correct and be in up trends.
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