Monday, July 28, 2008

Financials Fading

The XLF came up from around a percent down to slightly up before hitting a top around 21.10. They have since faded and put the market in a similar tone to Friday's. Everyone seems to be waiting as the market moves sideways and there is a lot of sectors moving in opposite directions. As far as single names--ESLR has held up pretty well after popping strong on the open, OSTK's looking weak and the selloff could pick up steam, MA's OK but it definately has a shot at fading later in the day, and LO did its standard drop and rally move.

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