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Last week's charts of focus ran 30%, 15%, and 20%!!!! Did YOU get any piece of that pie? Overall 4/4 on the focus charts :)

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On December 12, 2009 I noted bullish patterns developing on financial stocks like GS, JPM, and BAC. Since then we've seen the financial sector become the leader these past 2 weeks. I also said $15.30 on the XLF would be MAJOR resistance, I have taken my FAZ position since the $15.30 level. I'm liking the bearish patterns in financials, however, I caution: keep a close eye/stop on FAZ, we should NOT go above $15.50 on the XLF.
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Posted below are charts of the GLD, USO, and UUP

I've been receiving emails about the UUP. Yes, it is still going up! It's simply forming an inverse head and shoulders with the neckline @ $23.00

Dollar up = oil and gold down. With that in mind, USO and GLD are forming very bearish patterns (as they should with a bullish UUP pattern) The thick blue line are their necklines.

All 3 right shoulders are in process of being made.

Targets IF these patterns play out are listed below:

GLD $96.00-$100.00


USO $26.00-$27.00


UUP $24.13-$24.80