Thursday, April 8, 2010

Financials and the market

FAS is a triple leveraged ETF for  financial services stocks.  Its hard to imagine the market suffering any kind of sustainable decline with this kind of strength:

FAS Daily Model

GS Daily Model

The Sell signal in GS at the end of March was not confirmed in FAS.  Wish I had noticed this earlier, but don't know if it would have been enough for me to pass on the GS Sell.  In any case, they are both pointing up, for now.