The Select Sector Financials (XLF) are showing relative weakness this morning and sentiment is bearish ahead of housing data due out in five min. Economists expect another poor showing, with new home sales falling to an annual rate of 580,000 units in Feb., down from 588,000 the month before. XLF is down 61 cents to $25.97 ahead of the news and sentiment is 88 percent bearish.
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Financial Select Sector (XLF) $25.56 -3.76%
Posted on March 26th, 2008 9:56 am
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