Sunday, April 10, 2011

Giant Financial Stocks Still Struggling (BAC; C; GS; JPM; WFC; XLF)

I don't mean to harp on this point, I'm just a tad concerned about the implications for the overall market that the weakness in the big financials might be pointing to.
For now, just a couple charts, I'll be back with commentary next week.
From Dragonfly Capital:

Financials Select Sector SPDR,$XLF

And from ETF Corner:
XLF : Another rising wedge ?
Dunno what's wrong with me this morning,but i'm seeing rising wedges all over the place ! Like this one: