XLF Fails to Hold Breakout and Shows Relative Weakness

The Finance SPDR (XLF) is leading the market lower on Monday as European debt concerns weigh. XLF broke resistance at 15 in early November, but failed to hold this breakout with a move back below 15. After a feeble bounce last week, 15 has become resistance once gain. The indicator window shows the XLF:$SPX ratio moving lower as finance continues to show relative weakness.

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