US Stock Market: Big Banks See Big Volume
By Scott Johnson on May 5, 2009 | More Posts By Scott Johnson | Author's Website
The larger banks saw heavy buying today (Monday) in anticipation of the stress test results. Today’s momentum could easily carry over into tomorrow (Tuesday). Looking at the abundance of technically extended charts in the broader market, the financial sector may provide the best long setups for tomorrow. I will be trading these stocks with a high level of caution. See the prior post
for charts of Financial Select Sector SPDR (XLF) and Bank of America (BAC).
- SunTrust Banks (STI)
- Wells Fargo (WFC)
- Fifth Third Bancorp (FITB)
- Banco-Santander Chile (SAN)
- BOK Financial (BOKF)
The semiconductor sector continues to provide some good setups:
- Intel (INTC)
- Linear Technology (LLTC)
- Himax Technologies (HIMX)
A couple of other technology companies:
- Teradata (TDC)
- EchoStar (SATS)
US Unemployment Rate Troubling, But …
S&P 500: Market Is Strong, But Correction Should Continue
Doctor Up Your Portfolio With This Medical Communications Company
Cartoon: It’s Still The Economy, Stupid
Dendreon Corp.: Put This Promising Biotech Stock On Your Watch List
Macedonia’s Jan.-Sept. Trade Deficit At US$1.61 Bln - 1 day ago
Natural Gas Prices Extend Two-Month Low - 1 day ago
Stocks Finish Modestly Higher Despite Weak Jobs Report - U.S. Commentary - 1 day ago
Treasury Economist: Unemployment Numbers Disappointing But Not Unexpected - 1 day ago
Consumer Credit Fell By $14.8 Bln In September - 1 day ago












