inthemoneystocks' Blog : Financial Stocks Slide Early

December 6, 2011

Comments (0) Rate this post

Recommend This Post (44) Abuse this post

Report Abuse

Share This

This morning, most of the leading financial stocks are coming under some early selling pressure. The Financial Select SPDR ETF (NYSE:XLF) is trading lower by 0.08 cents to $13.08 a share. Traders can watch for some intra-day support around the $12.90, and $12.70 levels. The daily chart of the XLF is also due for a pullback or some consolidation after surging higher by more than 10.0 percent over the past week.

Some of the leading financial stocks that are trading lower today include J.P. Morgan Chase & Co (NYSE:JPM), Citigroup Inc (NYSE:C), Blackrock Inc (NYSE:BLK), and Morgan Stanley (NYSE:MS). The stocks in this sector look to be trading very close together at this time. Most often, these stocks will trade along with the XLF intra-day.

Nicholas Santiago

InTheMoneyStocks.com

Tags : XLF JPM MS C BLK

Want to comment on this post? Sign up now. It's FREE!
Already registered? Log In.

Sponsored Links

Ride Momentum Stocks to Quick Gains!
The market is finally breaking out, creating the perfectd wave for investing in momentum stocks. Zacks is the king of fundamental analysis, but this service also uses technical indicators for the best possible timing. Click here to learn more >>.

Zacks Top Ten Stocks for 2011 are now available! This 10-stock portfolio is a well-balanced mix of aggressive and conservative, large and small cap, growth and value. Buy them. Hold them. Watch your gains add up

Take advantage of quick short-term moves, and profit from price moves in any direction. Trade options under the direction of an expert guide. Try it now and get a 90-day unconditional money-back guarantee. 50% OFF for a limited time! Zacks Options Trader >>

Make Big Bucks promoting Zacks products on your website! Click here to Learn about Zacks' Affiliate program.