Wednesday, November 3, 2010

Financials Outperforming

Besides the VIX plummeting, the other bullish news is that financials are doing surprisingly well today, much better than the market. That said, they are still below the 200 MA, and that is not really good, but at least for today they are doing better than the market. If the market wants to rally higher, it needs involvement from financials and real estate (IYR)

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