XLF Update for 04.13.2008

SELECT SECTOR SPDR FINANCIAL SECTOR ETF - XLF
SELECT SECTOR SPDR FINANCIAL SECTOR ETF - XLF

Monthly chart shows no buy signal/pattern evident on this timeframe.

Weekly chart shows price remains below the down trendline in place. Selling pressure came back into the market last week, as the bears managed to take back more than half the gains made by the bulls the week before.

Daily chart shows sellers gapping down the open on Friday in their haste to exit their positions. Look for continued weakness and lower still.