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E*TRADE Financial Corporation Message Board

  • r_garner9 r_garner9 Feb 17, 2013 7:20 PM Flag

    Quick look at the technicals ..

    Be careful here ..

    ETFC closed under the 5 ema for the first time in over 20 days ( Daily View ).. The rsi is decreasing and your about to see a macd crossover to the downside . Also , the nasdaq looks as if it has topped ..

    If your long ETFC , you may want to consider taking some profits .

    Good luck !!

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    • Technically it should retrace to 10. But these days, anything is possible. You never know what is next. Every rally appears to be a short squeeze. The next rally will be a short squeeze of those who just established short positions today. That's the cause of the market surge, I guess.

28.40-0.10(-0.35%)Sep 23 4:00 PMEDT