Thursday, January 15, 2009

Financials SPDR (XLF) Drops Below 10.00

XLF, the widely-followed financial sector ETF, dropped below 10.00 a few minutes ago for only the third day in its trading history.

Not only have financials been the weakest sector of 2009 so far, but their continued weakness will only raise more concerns about the structural integrity of the financial system.

Given the weakness in financials, I am surprised equities are not lower and VIX higher at this stage.

[source: International Securities Exchange]

Posted by Bill Luby at 7:17 AM

1 comments:

Bob Petrie said...

Bill - I'm new at trading options and have been following your posts with great interest. My analysis methods are still crude, however, what software package do you use to show stock price and underlying volatility (screen capture shown in latest post?)

January 16, 2009 5:42 AM

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