_aioseop_keywords: XLF, Financial, ETF, Sector, Investing 401k
I've been eyeing the the Financial Select Sector SPDR (XLF) during this credit crisis meltdown. So far the 50 WMA remains over the 200 WMA, which is Bullish, but its breaking down. The question is, will it test the 200 WMA and hold?
Everything seems to depend on the Fed and whether or not they decide to cut the interest rates. I'm debating buying some XLF for our retirement portfolios in a few days, check out the top 10 holdings it has:
Company Symbol % Assets AMER EXPRESS INC AXP 2.59 AMER INTL GROUP INC AIG 6.47 BK OF AMERICA CP BAC 7.75 CITIGROUP INC C 9.06 GOLDMAN SACHS GRP GS 3.15 JP MORGAN CHASE CO JPM 5.9 ML CO CMN STK MER 2.59 MORGAN STANLEY MS 3.15 WACHOVIA CP WB 3.49 WELLS FARGO & CO NEW WFC 4.18