Monday, January 7, 2013

Financials Due for a Rest?

The negative divergences I mentioned in Friday's midday post continue to show up today, this time in some leading financials.  As I said prior, I'm not looking for a huge drop from here.  But a pullback is certainly in order given the move that has occurred.

These charts look decent for the longer term, but a slight pullback is needed. 


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