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.


  Matched
x
  • 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!