BKX Bank Index Still Weak

BKX Bank Index Still Weak

Worth pointing out here again is the BKX bank index.  It remains looking weak and is very close to slip out of this latest bear flag pattern.  A close above 48 would cause us to look on the long side.
Wells Fargo (WFC) Recovering But No Cigar

Wells Fargo (WFC) Recovering But No Cigar

As today's trading session slumps along I'm keeping a close eye on the financials on the back of the GS upgrade from JPMorgan.   I stated our case for a potential bounce in financials the past two weeks HERE.  As we've dabbled on the long side on...

Financials Ready For A Bounce Higher?

It's no secret, the financial sector has been underperforming the broader market for the past three months.  As the financials outperformed the market over the past two days however, and also developed bullish candlestick formations I thought it would be...
Financials At Important Intraday Level

Financials At Important Intraday Level

The financials as measured by the popular XLF etf is at a an important intraday level right this moment.  After gapping down at the open to start the week today, it then led the market higher and currently sits at just about the mid-point of last Friday's...