Thursday, April 08, 2010

Financials and the market

FAS is a triple leveraged ETF for  financial services stocks.  Its hard to imagine the market suffering any kind of sustainable decline with this kind of strength:

FAS Daily Model

GS Daily Model

The Sell signal in GS at the end of March was not confirmed in FAS.  Wish I had noticed this earlier, but don't know if it would have been enough for me to pass on the GS Sell.  In any case, they are both pointing up, for now.


5 comments:

MMarino said...

Allan,

I discovered this website today, checked it out and was quite impressed. However you're cheaper.

HA

www.ablesys.com

Anonymous said...

Alan, you're starting to sound like a bull again. Good for you.

Anonymous said...

The market is being used to provide cover, that apparently all is clear when in fact everything behind the phantasmagoria is rot. The persistence of this illusion is astonishing.

Anonymous said...

.
REVERSE SPLITS - PROFUNDS

http://finance.yahoo.com/news/ProShares-Announces-Reverse-bw-2298664638.html?x=0&.v=1

* today is day to exit prior to r/s in these popular trading vehicles. *

[SRS, FXP, ...]

Anonymous said...

Direxion Funds, appears so far not yet a plan to r/s TZA. But if gets under $6 then perhaps (like EDZ a few weeks ago).

Likely have to file with SEC. So if they plan this, then it likely would appear as news item (e.g., Yahoo) and/or on their website.

(intriguing that this is happening at a time when the Operators are attempting to foist upon the gullible an extended SMkt rally even as many indicators are overbot and lots of news coming out even today regarding bank malfeasance and risk hiding.)

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