Financials Leading The Pack - CVS Health (NYSE:CVS), iShares Russell 2000 ETF (ARCA:IWM)

Consumer names ($

) like

Kroger

) and

CVS

CVS

) are up between 1-2 percent. This was also on impressive volume, especially in the small-caps ($

), which almost had 2 times the average daily volume. While this is bullish we need financials ($

) to pick up in order to keep this momentum going. We are seeing that type of action in the Banking sector. The

Banking ETF

KBE

) was up ~25 yesterday, challenging their 52-week highs. Two stocks that have shown this movement are,

PNC Financial Services

PNC

) and

Wells Fargo

WFC

). Now $PNC has made its shift, so chasing is not recommended. But

Wells Fargo

WFC

) is ready to test new highs and a break of $55.60. This could be enough of a catalyst to see more upside. Have a great trading day.

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