NEW BEARISH Plays

Financial SPDRs - XLF - close: 14.71 change: -0.39 stop: 15.51

Why We Like It:
The banks look weak. While longer-term the trend from the March lows is still up they're definitely losing momentum. I am suggesting small bearish positions now on the XLF to capture any short-term correction. Our target is $13.10 but that might be a little optimistic. The rising 100-dma and the exponential 200-dma will probably offer some support. A very similar play would be bearish positions on the IYF financial ishares.

Annotated chart:

Entry on   October 26 at $14.71 (small positions) 
Change since picked:     + 0.00   			
Earnings Date          --/--/-- 
Average Daily Volume:       102 million 
Listed on   October 26, 2009