Financials Bounce

07/28/2009 10:07 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart
Click to Enlarge

Despite the slightly higher close on Monday by the major averages, the financials were relatively stronger with both the banks (KBE) and the overall financial sector (XLF) making nice gains. The charts show major resistance overhead at $21-$22 for KBE and $13-$13.65 for XLF. An upside breakout should be positive for the market.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on ETFS

Keyword Image
Safe Money's Defensive Moves
12/05/2018 5:00 am EST

This stock market is flailing around like a fish out of water, with whipsaws increasing every week, ...