Broker and Broker

By -

One of the principal reasons for the strength in the small caps yesterday and today is that banks have been recovering. Here are three SlopeCharts that speak to that strength, with particular emphasis on the price gaps. Please click on any given chart for a better view and to clearly read the value of the price gap. Here’s the Broker/Dealer Index:

XBD

The Financials sector fund:

XLF

And, finally, the Bank sector fund:

KBE