Quote from scot.mcpherson:
See I want to buy FAZ for the drop tomorrow, but looks at the Dow, it has gapped up more often than gapping down lately. I might enter FAZ thinking I got a great price for an overnight hold to find out I lost $.30 or MORE per share at opening bell.
FAZ has taken a REAL dive bomb. It's gotta come back up, the market can't stay so inflated.
This why I look at XLF.
It explains a lot.
Flat top pennant is broken.
You don't see that in FAS.