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Daily Archives: December 16th, 2007

Market Forecast for Week of 12/17 (Part II): Sector Watch

XLF (financials)

XLF closed under $30 this week, and below its daily MAs. The 10-day MA is sliding again, so are the 20- and 30-day MAs. Last week’s rally was completely undone by the Fed’s rate decision. XLF is at a very critical point. GS’s earnings on Tuesday (12/18 before the market) […]