The banks are following through as is the market overall. We are extended and have a cash price 2842. There might be set up for a quick short from this area. A break of 2840-42 area in the futures could lead to a test of 2727.5. The trend is clearly up so I am viewing this as a quick and dirty set up.
BAC – Above 30 breaking out of its recent range.
JPM AT 108 trying to retake the 200 day.
GS – back above 200
XLE – challenging 65.90 resistance area.
IYT – still lagging with inside week last week and so far another inside week this week.
see if it can make a move. 190.53 on the upside and 180.45 on downside.
XRT – has been lagging badly.
EEM – testing the year high 43.73 this morning
FXI – testing the year high this morning of 45.25.
BalsamTrades 