US Stock Market: Big Banks See Big Volume

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)

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