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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (48842)12/5/2012 9:17:21 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 71088
 
Profitable Ideas Each Market Day

LAST UPDATE:12/05/12 04:49 PM ET Banks took off on Wednesday after Citigroup (C) announced a restructure that will eliminate 11,000 jobs. KBW Banking Index (BKX) lifted back to the 50-day EMA and is taking another shot at resistance between 49 and 50. However, odds don't favor a breakout unless the fiscal cliff gets resolved because sector profits will suffer if the economy heads into a recession.