The strength of the financial sector has surprised most of us, but the weekly chart continues to look positive. The sector has not even reached the 38.2% resistance level, while the major averages look ready to test their 61.8% resistance. The weekly RSI formed positive divergences at the lows and is confirming the price action..
Financials Show No Signs of a Top
Top Pros’ Top Picks (Daily)
Subscribe to MoneyShow’s daily investment newsletter Top Pros' Top Picks and get actionable advice from our top experts, including the hottest stocks to buy and sell, ETFs and funds for short- and long-term capital appreciation, and a wide variety of dividend-paying stocks set to deliver a steady stream of safe, reliable income.
Trading Insights (Weekly)
Get an edge on the markets with our weekly trading newsletter, Trading Insights, and receive timely trade ideas covering stocks, options, futures, and more to keep you on the right side of the action. From trading basics to advanced strategies and high-probability set-ups, the insights you need from our all-star lineup of trading pros is delivered straight to your inbox.
Virtual Learning Letter (Weekly)
The stock market offers virtually any combination of long-term opportunities for growth and income, as well as short-term investments for trading gains. MoneyShow’s weekly Virtual Learning Letter showcases a variety of on-demand webcasts and video market commentary by top financial experts covering the hottest financial topics each week.