649bruno
Short

HAS THE XLF (LARGE BANKS) PUT IN A DOUBLE TOP ?

AMEX:XLF   SELECT SECTOR SPDR TRUST AMEX FINANCIAL SELECT INDEX
Does the double top in the-XLF warn us of an economic slow-down?
The US Industrial stocks are slowing, as well as the emerging markets and US large banks.
History teaches us to pay attention to longer trends, and the-XLF clearly has not been able to put in new highs.
Most of the indicators for the XLF-are slowing.
I think that this is forecasting an economic slowdown.
Use caution and don't chase story stocks.

Don.
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