A Few Chart Observations for the Weekend

April 7th, 2013
in contributors, syndication

by Jeff Pierce, Zentrader

Obviously XHB could fall down to the support zone, but today’s bounce showed that it is still behaving bullish.

xhb

Click to enlarge

Follow up:

Financials have barely pulled back. A .50 correction is nothing.

xlf

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Still bearish, but a countertrend rally is not out of the question.

aapl

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If TLT corrects then the market will likely continue moving higher.

tlt

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tsx

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