I was taking a look at the financial sector today, and its looking hot. Especailly since the the 4th of JULY. It is obvious to me, that right now after the smart money was dumping these stocks, they are starting to warm up to them, and invest in them again!
Further evidence on the chart below, suggests that the financial sector has broken its falling resistance line and we are up at the 20 mark. MACD has also moved to a buy signal on the daily suggesting further upside will probably be seen soon.
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| Financial Sector Chart |
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