Archive for the tag:

$BKX Bank Index Chart ($XLF)

October 13th, 2009 Comments(0) tagged , , and

Here’s the $BKX chart, the bank index. (The same is happening with (XLF: 14.06 +0.36%) so I won’t post both.) There are some oscillator-price divergences and heavy resistance overhead.

bkx

$RIFIN Chart for Trading $FAS and $FAZ

June 17th, 2009 Comments(0) tagged , , , and

Click to enlarge

$RIFIN broke down. Fibonacci retracement targets are on the chart.

  • 50MA acting as support at the moment
  • 20MA turning down
  • Stochastics and MACD going negative

Going to trade (FAS: 80.17 +1.14%) and (FAZ: 26.74 -1.07%) off this chart.

rifin

FAS and FAZ, 3 Months

June 08th, 2009 Comments(0) tagged , , , , , and

FAS and FAZ, triple financial ETFs, bull and bear respectively.

Both have been dead in the water for the last 6 weeks.

I think holding FAS + writing calls is (was?) the best strategy here.

fas_faz_3months