Financials have really been the last major group to hold out, that is starting to change.
Financials at the bottom have been falling out of favor and underperforming all week and last week.
FAS/Financials 1 min chart showing improvement before yesterday's EOD rally.
The long term 2 min chart, also in a leading positive divergence yesterday.
FAS 5 min
FAS 10 min, another divergence that was finished more then an hour before the rally.
The 15 min chart is shaping up finally and has a long term relative positive divergence.
And the long term 60 min chart looks good, with a very possible strong leading positive divergence.
The market goes no where without financials.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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