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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

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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Friday, December 02, 2011

Financials' "Power Surge" Today

The Banking and Financials sectors are leading today's advance, so far, today as shown on the graph of my ETFs below.


Of interest, in the short term, will be my 4-Hour chart of XLF below...current price is in between near-term confluence of resistance and support.


The 1-day 1-minute percentage comparison chart below shows how the XLF surged ahead of the Dow 30 Index, while the credit card stocks, V and MA dropped. Today is the third gap up on the open since November 28th. How long can the buying frenzy last...or is it just short-covering after pre-market rallies? Are the circuit breakers about to trip?