Tuesday, September 14, 2010

Financial Stocks Weak After Key Levels Nailed

The financial stocks are weak today after massive recent gains. Yesterday, I noted how this was a high probability as stocks like Goldman Sachs Group, Inc. (NYSE:GS) and JPMorgan Chase & Co. (NYSE:JPM) hit master resistance levels. Note the chart below. The markets are flat to slightly higher today as technology and retail are leading the way. Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com