Friday, February 15, 2008

Oils lead up; financials lead down

That is to say on good market days more often than not, materials and oils lead with strength; conversely on bad days some financial bomb sinks the market.

Today, at least so far (only 1/2 hour in) looks to be in the second category.

SKF, the ultrashort financials fund looks to be in a textbook cup and handle formation.

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