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Considering XLF

Looks like a "wait" signal. – Ilene 

Considering XLF

Courtesy of Allan

XLF Daily Trend Model
 
 
XLF Weekly Trend Model
 

This pretty much sums up the dilemma of financials, the GS fallout triggered shorter-term sells, but the weekly trend is still up, over 60% gains from last year’s Buy signal.  One of these charts will reverse trends and that reversal will be a heads-up for new positions. 

Allan’s newly launched newsletter, “Trend Following Trading Model,” goes with the trend-following trading system he’s been working on for years. Most trades last for weeks to months. Allan’s offering PSW readers a special 25% discount. Click here.  For a more detailed introduction to the Trend Following Trading Model newsletter and trading system, read this introductory article.

 

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