Financials Showing No Signs Of Letting Up

By Jeff Pierce

While the financials may have an intraday pullback or even a 2 day pullback it doesn't have to happen as this is one very strong sector.  Volume on the individual stocks have been much more impressive than the XLF, but the strength is undeniable. Bottom line is this either goes higher or down a bit and then higher. Both scenarios see the financials as well as the general markets moving higher over the coming weeks. Personally I think we'll dip down to $16.75 and then bounce immediately and head higher.

Below are a few stocks I was asked by a reader what my thoughts were on them.

Join this webinar on Wed, Jan 9 6:00 PMEST, Generating a Morning Income Stream in 2013 By Tracking & Trading HFT Movement

Join Jea Yu, a four time winner of the ‘Forbes Best of the Web' award and veteran intra-day trader, for an hour of education and discussion on using HFT's movement to generate intra-day profits.

What You'll learn…
-To properly setup your charts for tracking HFT movement
-How HFTs behave and manipulate price
-Specific indicators for trading HFT price movement
-Timing entry and exit points
-Answers to any questions you have