I would like to get you thinking about financials into the weekend. All the big financials had unhealthy action today in addition to not closing at the highs as the major indexes did. It was not good. The BKX, WFC, C, JPM, BAC, AIG, GS…and a host of others all posted bearish chart patterns that look like they are going to resolve soon…additionally this pennant on BKX looks like a continuation pattern…
Additionally, the transports did not have an especially strong day either…
By the looks of things its about to get interesting…
for a more detailled view of this chart click here
for a more detailled view of this chart click here
