ETF CORNER

XLF : Come on Edgar .... Zap'em !

XLF (Financial ETF) have closed their previous gap, by the same token they are apparently reversing on the downside as i'm typing this rather that breaking out ! I think we need Edgar to help us Zap'em ! Come on Edgar you can do it.... please, don't blow it this time !

XLF : You've gotta be kidding me !

Good morning Kids, Papa Serge is a patient Daddy. He never lets his emotions out of control,but honestly the post that i saw yesterday on Cramer's blog made me fall off my chair ! What kind of timing is this ? "10 reasons why banks will roar again!" after having rallied a whopping 145% since March ? On top of that he posts that article the day where they look far too streched on the upside in the very short term ! Again, what kind of timing is this ? As a matter of fact I will take that article as a "warning sign" that XLF's upside is limited from here ! That's the only conclusion i can draw from this. Would Cramer have had the gut to write an article on March 2009 about the bottom in financials like I did (CLICK HERE) i would have given him some credit,but he was hiding in a cave back then!  Granted i though initially that XLF could have doubled to $13.50 -$14.00 in 2009 but it did somehow rally a bit higher to $15.50,my bad. As far as XLF is concerned i'd rather say that XLF has ten reasons to pullback something like 50% in the next two years after a 145% rally rather than saying that they have 10 reasons to roar at this point in time ! Enough said...

 
 
 

XLF : Zap'em !

It's almost there !! Almost time to Zap some financials !! Go get'em Edgar !!!