Sunday, February 26, 2012

Is XLF the SELL SIGNAL?

If XLF is the leading market indicator as it was in the fall of the October 2007 highs, then our markets are headed lower again

·       When the market rallied from a July 23,2002 low to an October 11,2007 high, the Standard & Poor 500 index (ETF: SPY) advanced 94%, while the Financial Sector (ETF: XLF) gained 101%.

·       From the October 11,2007 peak, 9 months later on July 7,2008, SPY declined 18% and XLF fell 44%.

·       From October 11,2007 peak to the decade low set on March 5,2009, SPY declined 56% and XLF was down 81%.

·       Since the March 5,2009 lows, SPY closed Friday (February 24,2012) at a high of 136.93, up 99%.  XLF in this same time frame is up 146%.

·       In the last 52 weeks, SPY is up 3.48%, while XLF is down 11%.

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SPY,TLT,XLF,XLE,XLB,XLU,XLP,XLV,XLI,XLY,XLK,IAU

EQUITIESRESEARCH ENERGY ETF WARNING 7/8/2008

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