Although it has not impeded bulls much in recent days, on a standalone basis the financials continue to drift away.
On the 30-minute financial sector ETF, first chart below, bears had best capitalize on a potential double-top dating back to Wednesday, or else we could easily see the banks play catch-up higher to the rest of the tape.
Also note the relative weakness in Morgan as well.
What are you trading this morning?
__________________________________________________________
__________________________________________________________
Nimble you must be
Absolutely
Looks like YGE was going to hold 6, dropped, but bouncing hard now
Yup
Still holding ZNGA since yesterdays setup. Not much overhead. They seem to have some momentum with real money poker.
Impressive
Chess, with all the Gold buzz going on in the hallowed halls, I’m tempted to tip my toe…into some black-gold, not the yellow. The president will be “mending fences” next month while visiting our friends, the Saudis. I see this as ‘crudely’ boolish… http://www.reuters.com/article/2014/02/13/us-usa-obama-mideast-idUSBREA1C1G020140213
I’m shopping for opportunities now…
Good man, Unc
Chess, as a bottom feeder, I’m hunting for a couple of worn-out pornstars….cheap, greasy & sleazy. Is there a PPT screen that you could direct me to?
Unc– Fly has plenty of saved screens for that in PPT–I would check all of his screens out.
Thanks, Chess – will do. Gotta feeling the geyser us about to gush….
Haha Hoover Dam, brother. Hoover Dam!
If the company was called Morgains Stanely, that shit would be beasting son 😉