Sons and Daughters of BBCMF , Dow 30 With Point and Figure Charts , Dow Discussion...

[mick]

Finance a notable laggard but holding at support (TECHX) : A firmer tone for the market averages with Technology (XLK +0.7%), Semi (SMH +1.3%), Telecom (TTH +1.3%-- noted T breakout yesterday and VZ test of high this morning) and Internet (HHH +1.5%, EBAY +2.1%, YHOO +2.2%, AMZN +1.7%, PCLN +2.1%, RNWK +2.5%) providing leadership. Finance (XLF -0.5%), which is the largest segment of the S&P 500, has been a notable laggard but both the XLF and Broker/Dealer (XBD) have recently neared important support. The XLF (chart) pulled back near its 50 ema/sma (34.33/34.07) today with last wk's/Sep 14 high at 33.98. For the XBD (chart) support is at 229/227 (Sep 04/14 highs and 50 day sma/ema) -- hit 229 yesterday, noted potential breakout and 240 resistance last Friday in the XBD. Given the significance of this segment of the market it is important that the XLF and XBD continue to hold above these supports.