Visit our sister sites: TradingStockAlerts.com and TradeRadarSoftware.com

Tuesday, July 24, 2007

Financials dragging market down

Has anyone noticed that the Financial Select Sector SPDR Fund (XLF) closed at $34.37 today, its lowest close since late September 2006?

We are now seeing the biggest divergence between XLF and the Dow Jones Industrial Average in four years (see chart below). Can the markets advance when the largest weighted segment, Financials, is lagging so badly?

XLF and Dow Jones Industrials
[ Click chart to view larger image ]

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Blog Archive


Disclaimer: This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.