Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Banking Sector Analysis


Below is a newly created daily sector chart for the big investment & trading banks accompanied by a chart of the cash S&P 500 for comparison and relative strength purposes.

The SPX currently is on a bullish signal. Only a decline that breaks 1277.50 will neutralize the signal.

Goldman Sachs (GS) currently is on a near-term neutral signal, but will shift to bullish on an upside hurdle of 106.10.

Morgan Stanley (MS) currently is on a near-term neutral signal, but will shift to bulish on an upside hurdle of 17.50.

Bank of America (BAC) is on a near-term bullish signal and will remain so unless it breaks below 6.00.

In the coming weeks, MPTrader will be offering a nightly service with charts like this covering all the major sectors and their key component names. We welcome your feedback based on this chart as well as well as any suggestions for the new service. See our contact page

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!