Safe Trading Blog

“nihil nove” =>

http://www.safetradingblog.com/trading/us-market.html

There is still some space on the down side…

For those looking at a (small) bounce of the stocks, a basic graph to check is the strength of the financial sector (XLF) and its relative strength vs the S&P500 (SPY)… Indeed, a bounce on the XLF would directly impact the market on a short term basis (at least): XLF above 25 would be a good trigger (but not today)!

This entry was posted on Friday, March 7th, 2008 at 5:02 pm and is filed under Stock Code Trading, US Markets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.