HAS THE XLF (LARGE BANKS) PUT IN A DOUBLE TOP ?
Does the double top in the-XLF warn us of an economic slow-down?
The US Industrial stocks are slowing, as well as the emerging markets and US large banks.
History teaches us to pay attention to longer trends, and the-XLF clearly has not been able to put in new highs.
Most of the indicators for the XLF-are slowing.
I think that this is forecasting an economic slowdown.
Use caution and don't chase story stocks.
Don.
The US Industrial stocks are slowing, as well as the emerging markets and US large banks.
History teaches us to pay attention to longer trends, and the-XLF clearly has not been able to put in new highs.
Most of the indicators for the XLF-are slowing.
I think that this is forecasting an economic slowdown.
Use caution and don't chase story stocks.
Don.