InTheMoneyStocks Pro Traders Market Analysis

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Financials Could Signal There Is A Chink In The Armour


The financial stocks have now lead the major stock indexes higher since late November 2011. Traders and investors that have followed the financial sector very closely know that every crisis over the past five years has been a banking crisis. Even today, the problems in the European Union are simply just more banking problems. This afternoon, the financial stocks are all trading slightly lower on the day. The popular and highly traded Financial Select Sector SPDR Fund (NYSEARCA:XLF) is trading lower by 0.17 cents to $14.60 a share. This is the first time in 2012 that the financial stocks are showing some signs of weakness. The action today is nothing to be alarmed about yet, however, it is worth noting. ...Continue reading here: http://bit.ly/zJnY74