Interest rates don't matter for XLF, lol
If the market makes any sense, this will trade between here and $22 for a while then down to $19 eventually. However, nothing seems very logical in this market (look at the price action on GOOGL ), for all I know, they can jack the market right back up.
My best guess is a down week next week with a possible the following week (see my SPY post). I doubt they can jack up the Dow by 800 pts again next week, so at least there's a chance that crappy stocks will go down. Let's just hope they don;t melt the market up like last January.
Retail is lagging a bit today but transports are up. Let's see if the computerz allow the market to melt up or if they whack it down with futures again.
Futures opened with a gap down last night, I'm expecting the gap to get filled. Small caps testing the gap first after getting hammered this morning.