DOW breaks DOW 11,080 on a close to DOW 11,090. Bond Yields confirm falling back below 6.20% to 6.189%. Bears temporarily go back into hibernation. Excuse me, is that a white flag I see?. MITA 1,431:
...<Peter, Market has a chance to take out the Bears today. A close above DOW 11,080 with bond yields coming down from these lofty levels below 6.2% yield will lead to banks participating in the next rally, if it materializes....
Banks/Financials are the next spark that lights the fire for SPX and DOW.
Can you say C, JPM, AXP, WFC, MER, SCH, CMB, ONE, BK, BAC, BKB, BT, FTU, KRB, NTRS, USB, WM, WB, BEN, BSC, LEH......there are others...
I forgot they passed the bank reform act...
oh the insurers...AET, AIG, AGC, CB, CI, CNC, HIG, JP, LNC, SAFC, SPC,
We may be down out of the blocks tomorrow, or , can you believe it--down for the day.
It doesn't matter. Unless BKX breaks. We are headed higher.
Bullish Seasonality is now in play. Be long or be wrong. Short term.
I even had to update my profile for my favorite BULL.. I wish you and yours the very best... from your fav...<g>
Best Regards, J.T.
|
