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We all know that the financial sector is exactly where you don't want to be in. There are too much uncertainty on bank policies and everybody just hates the banks for doing what they do best: Trade and make money. The last three days' sell off was exacerbated by Obama's surprise announcement on bank policies, an attempt to restrict some of the profitable operations that banks carry on to fill their own tummies. So why are we thinking about FAS, Direxion Daily Financial Bull 3x Shares, an ETF that moves by 3...
I've been with AIB for sometime for the reason of riding the early uptrend and here's an analysis on the chart. The strategy here is to hold as long as the uptrend continues. It's only recently the trend reversed to an uptrend from a downtrend. We'll have to see whether the uptrend continues in the long run.