InTheMoneyStocks Pro Traders Market Analysis

[ITMS]

Financials Catch Morning Bid, Can It Last?


This morning, all of the leading financial stocks are trading higher. When the financial stocks rally it is usually a good sign that the major stock market indexes will hold up. Traders should follow Financial Select Sector SPDR (NYSE:XLF) closely. The XLF has started higher by 0.16 cents to $12.73 a share. Short term traders should watch for intra-day resistance around the $12.75, and $12.90 levels. If the XLF starts to retreat from the morning highs it is a good chance that the stock market indexes are going to give back the early morning gains. ...Continue reading here: http://bit.ly/vASpow