Financial Select Sector SPDR (XLF)

 GE blew past expectations this morning, further adding to a number of companies showing profits, and further feeding my bull market sentiment.  XLF financial sector spider might be one to start thinking about.  Looks like it has double bottomed around $15.80.  I'll be watching this one closely here in the coming months.  If this can break the downtrend line above around $16.75 then I'm a buyer.  Hopefully we can then blow past the recent and April 2010 $17.14 highs and move up towards the $26, 2009 level highs.  That would be a nice 50-60% return if I'm right being bullish on the under-preforming financial sector. 



via StockCharts.com
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