Monday, March 30, 2009

XLF Loses Over 8.5% Today, More to Come; March 30, 2009

The XLF fell over 8.5% today and it appears to have more to fall as the $7.90 area looks to be the next level of support as this decline gets underway. However with such a big selloff today I'd be a fool not to take SOME profits, so I took 25% of my XLF position off the table.

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