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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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Cat Latte

Cat Latte

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Wednesday, November 16, 2011

MS is the weak bank in the Financials sector so far today...

MS is leading this morning's decline in the Financials sector so far this morning, as shown on the 1-day 1-minute percentage comparison chart below.


An important price level to watch is 15.00, as shown on the 4-hour chart below, as it flirts with near-term support around 15.50...roughly the  neckline of a downward-sloping H&S neckline.