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Bank Stocks Strong, Signaling Market Up Move



December 14, 2011 – Comments (1) | RELATED TICKERS: JPM , WFC , GS

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

1 Comments – Post Your Own

#1) On December 14, 2011 at 2:14 PM, 1ting (< 20) wrote:

Yes, Gareth!

Today, while providing 'Hood-ological Services to a Broker for a large Financial Group,we agreed that this marker was the most optimistic sign of a potential upswing for the Mr. Market.

This is the kind of info. is the type of data and commentary available in the "Motley-Hood"(Community)

Ofcourse, the future will show us the validity of Motley-Hood wisdom!!

Ivan Torres

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