With all the cross currents, tax increase talk, and financial cliff BS, it’s easy to be jumpy with the market here. The one thing I go back to is the health of the financials. As long as they hold up here, I will continue to hold my bets to the long side. Here a look at a 30 min chart:
The minute the financals start to breakdown is where I get concerned. The 50 day is just beneath us @ 15.76. On watch here.
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