Weekly updates on the Financial markets with a focus on the underlying trends that are moving asset classes. I focus on economic fundamentals and inter market relationships between different asset classes in order to determine market direction. Emphasis is also on technical analysis of chart patterns.
Thursday, January 19, 2012
XLF flirting with 50% Fibonnaci resistance
... presently trading at 14.05/14.07 pre-market. BAC surging on earnings meeting expectations. Trading pre-market at 7.19/7.20