ARTICLE SYNOPSIS...XLF made a market top in May 2007 and has been trading lower ever since. Now it looks as if XLF is close to a market correction that could retrace from 38% to 62% of the ground lost in the decline.
ARTICLE SYNOPSIS...By casual observation, XLF looks like it is forming a double bottom, but don't be taken in. XLF has found some short-term support, but the main trend is still down, and here's why.
ARTICLE SYNOPSIS...Besides the pitchfork, Alan Hall Andrews developed many other lesser-known methods of technical analysis. Among these is the sliding horizontal line. The sliding horizontal line along with the pitchfork shows that the Gold Shares ETF is now set up for a
ARTICLE SYNOPSIS...XLK is an exchange traded fund found on the AMEX. ETFs are index mutual funds that can be bought and sold just like common stock and are traded on the American Stock Exchange along with Standard & Poor's depositary receipts (SPDRs). XLK is a te
ARTICLE SYNOPSIS...XLK made a market low in mid-January and has been trading in an upward trend ever since. However, the evidence points out that this uptrend is nothing more than a bear market rally that is about to end.