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Day: October 4, 2013

Market Outlook April 11

Yesterday’s broad rally in risk assets squeezed plenty of players that got caught with too many beta shorts from last Friday.  The tape continues to be unforgiving to short sellers, just as the S&P 500 marked another all-time high daily closing. On the daily chart of the S&P 500, the breakout was clean past the […]

PNC At Major Resistance Line

Diversified financial services organization PNC Financial Services Group (PNC) along with the majority of the banking sector had a great run off the November 2012 lows.  Specifically the stock is higher by 25% since then and recently again ran into a major resistance/toggle point. The resistance line/area in question dates back to early 2010 and […]

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