Legend For Phase Chart:
1: Recovery-1: Warning
2: Accumulation-2: Distribution
3: Bullish-3: Bearish

Friday, April 4, 2008

US Financial Sector Update



US Financial Sector seems to be gaining strength again.

The iShares Dow Jones US Financial Sector fund is now in "Recovery" phase.
This is the first time the fund is testing the "Recovery" phase twice within
a span of 10 trading days since the beginning of 2008.

The fund is now trading slightly above the 50 day moving average of 86.24.
It has stayed in "Recovery" mode for 3 days now. Let's see if it is able to
move up to challenge the 200 day moving average of 99.95.

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