Financials - No Bottom Yet

07/03/2008 12:00 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

Financial stocks (XLF) have been leading the market lower since completing their continuation pattern in May. Still no signs of a bottom but oversold. Support from 2002 in the $18.50 area. Resistance first at $20.50 with stronger at $22-22.50.

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