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Financials Thrust to Upside at Expense of Tech Sector


Along with the Financial Select Sector SPDR Fund (XLF), JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), etc., American International Group, Inc. (AIG) also is on the move to the upside today, poised for upside continuation.

The attached big-picture technical set-up shows AIG heading for a test of very important resistance lodged between 64.20 and 64.40, which, if hurdled and sustained, will trigger upside follow-through potential to 66-67 next.

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Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...
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