Was watchinga replay of Your Money Your Call this weekend and a tad disappointed with the guest analyst whose name escapes me re comments on SXY. He must have been looking purely at a chartists point of view as his valuations weren't based on any news coming out of the CB. He mentioned 91 cents as a get out and 29 cents as a possible retracement level. 29 cents? I highly doubt it. I would sell everything I owned and live on the streets if I could get hold of more stock at 29 cents. SXY has retraced further than I expected however the upside is too great to exit now. My thoughts.
SXY Price at posting:
78.7¢ Sentiment: LT Sell Disclosure: Held