Financial Sector Breaks Downtrend

jeff110

From Bespoke:

Financial Sector Breaks Downtrend

The S&P 500 made a new bull market closing high today, but the action in the Financial sector was probably even more important.  The S&P 500 Financial sector has been underperforming the overall market lately, and it is a main reason why the major indices haven't been able to break out of their trading ranges.  Today, however, the Financial sector broke above its short-term downtrend line, which is a very positive technical formation.  If the Financials start moving higher again, the market should have no trouble making another leg higher.

nanosensor

Thanks

terranmn

fas

hi-liter

ppteam

how do we know the breakout is real?

ppteam

I guess he means this. Actually it has high odds to be fake.

usamonkey

michaelzhang

Diver

新低手

银行标志股gs, wfc, ms, bac 等向下震荡

幸亏手中有垃圾股确保收支平衡，惨啊

MtlJaysFan

Agree with ppt on this. The relative weakness on financials is worrysome

colderdown

With OBS rule chaning in a week, banks will be way under capital again. Did anyone pay attention to FA here? or at least read FAS 166 and 167?

xiaoxiaozhang

6# ppteam

wyjhyd

Thanks for sharing!

sooners

1# jeff110


ok

marole

The Federal Deposit Insurance Corp. voted Tuesday to delay by two quarters the effect on bank balance sheets of a Jan. 1 Financial Accounting Standards Board rule that will again make toxic assets balance sheet items while seeking comment on how to implement the change after March 31:
link http://imarketnews.com/node/6101

dayuangone8

jeff110

The Federal Deposit Insurance Corp. voted Tuesday to delay by two quarters the effect on bank balance sheets of a Jan. 1 Financial Accounting Standards Board rule that will again make toxic assets bal ...
marole 发表于 2009-12-23 23:15

good to know. Thanks.