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inthemoneystocks' Blog : Bank Stocks Strong, Signaling Market Up Move

Date December 14, 2011    Comments Comments (0)    Rate this post Recommend This Post (48)   
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As the markets continue to trade lower on the day, bank stocks remain extremely strong. This is very unusual as usually downside is headed by the financial sector. Today, JPMorgan Chase & Co. (NYSE:JPM) is trading at $31.78, +0.49 (1.57%). Across the board, bank stocks are flat to higher. What does it mean?


With the bank stocks leading and the markets still lower, smart traders realize news may be on the horizon from Europe. This has been the case in the past. When the financial stocks start to perk up, it is due something coming that will cause the market to pop higher. Be alerted and watch the next few days.


Gareth Soloway


InTheMoneyStocks.com


Tags : JPM   WFC   C   GS   BAC  

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