Financials Join Rally

01/08/2010 9:30 am EST


Thomas Aspray

, Professional Trader & Analyst

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The financial sector was up 2% on Thursday after breaking the daily downtrend Monday. This has been a lagging sector over the past three months and this action is positive for the overall market. The banks were even stronger, gaining 4%. The completion of the weekly triangle signals a rally to converging targets in the 245 area.

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