Morgan Stanley Update

Morgan Stanley Update

The financials have stalled of late.  The run up in bonds(drop in yields) has cast a cloud over the sector.  Are they poised for a rebound? Despite the extreme overhead pressure shares of MS are working on a third straight higher monthly low.  The stock left behind an...
XLF Update(Pullback Ahead?)

XLF Update(Pullback Ahead?)

After reaching extremely deep oversold readings in December the XLF(Financial Select Sector ETF) has surged over 22%.  It is now bumping up against heavy resistance near the declining 200 day moving average.  Is a pullback/consolidation ahead?  Initial support is the...
Banks Hit A Wall

Banks Hit A Wall

At last month’s low the $BKX(KBW Bank Sector Index)had dropped 16% from the summer peak($112.00). $BKX reached oversold levels not seen since early 2016 last month. The rebound that followed, which began on Oct. 25, the $BKX has retraced 50% of the sell off from...
There’s Only One

There’s Only One

Out of the following ten Equity Index ETF’s, $DIA is only one trading above its flat/declining 200 day moving average. $DIA, $SPY, $QQQ, $IJS, $IWM, $OIH, $XLE, $XLF, $SMH, $VTI The $XLP and the $XLU are trading above both their 50 and 200 day moving averages,...