The banks are all over my hybrid screen once again as we start a new week. Last week, a whole lot of nothing followed after a strong Monday. Will it be the same this week? or do we get a breakout in the banks? The $XLF is right smack on the underside of the 200 day moving average. Let’s see if the bulls can regain the all important long term average.
From today’s top hybrid movers inside Exodus, here were the standouts in the financials: $BAC, $C, $WFC, $GS, & $JPM. It’s funny to even write $BAC & $C in the same bullish blog after watching the whole financial crisis. I should have just loaded my whole account in the names, but such is the life of a trader.
Other names to watch from today’s hybrid screen are as follows: JCP, KSS, EXPR, MARA, HFC, FIVE & LULU
Full a full look at today’s movers: CLICK HERE