Sector momentum: financials are going strong

FSRBX chart

The Dow Jones Industrial Average briefly flirted today with the 13,000 level, but was unable to close above it. We have also observed an increased pace in sector rotation recently, as previous market leaders became overbought and have corrected. Currently, it seems that financial services stocks, including brokers and banks, are holding well and can become one of the leading sectors should the bull market continue.

 

Technical analysis screens are provided by FidelitySignal.com  

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