Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Finance-Mrtg&Rel Svc Group falling apart here rather heavily. FRE, CCR and even NCEN are taking out support of rising 20 day moving average. NCEN looks to move to 28 or lower, CCR probably will continue to move down at 49 (100 day moving average) to find support as low as 45.50 and FRE looks to take out 58 by middle of week or sooner. With the breakdown of this sector, and regional banks beginning to unravel, market internals do not look good. End of day charts were a joke. BAC did move well from the 67-69 area but stalled at very strong ressitance of 70 and could easily bite right back to 67.25 (200 day moving average) If the backbone of the market is compromised how will the gimpy tech stocks survive?