Financials Lead

10/30/2009 9:24 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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Impressive rebound in stocks on Thursday and the short-term A/D indicators have turned higher from oversold levels. This suggests that the rebound has further to go. The financial sector ETF (XLF) was one of the strongest, up 4%. The support on the daily chart in the $14 area was tested. A move above $15.40 would be positive.

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