Financials

Further downside possible. And right after I post this, all banks are up a few percent due to government plan.

SKF


XLF


GS - H&S if resistance holds

XLF, GS

On the GS news, XLF is up 3%. I think the bottom today @ 20 is going to be a decent temporary bottom. I wish I jumped in when it was flat at 20.1, but I was thinking we could head lower to 19 level. Oh well, another boat I missed. Don't chase it here, but if you do trade the financials, trade them to the upside (haha like there is any other choice).