What's next?

I think the market cannot keep rising without the financial sector (ETF: XLF) leading the pack. It will be a sign our system has healed.

The problem is that XLF has not been going anywhere since August of last year (click on the chart to enlarge it). Right now it seems to attempt penetrating important resistance levels.

This is a chart I follow closely (together with that of commodities) to tell me about the strength of the market.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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