Continuing to watch the components (>10%) of the S&P 500 – an update

CLIFF NOTES: the biggest development of this past week was the CLOSE above our pattern level on the XLF.  It is my belief, and history has shown, that the banks LEAD us UP and LEAD us DOWN. As long as the banks are stable, this market will continue it’s “Wizard of Oz’s” climb …also, my last post had the “white flag” at the bottom as I have given up and thrown in the towel to the bear patterns.  It’s different this time …

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