03/20 – 03/24 Financials

XLFD1

As long as FOMC remain hawkish financials will continue to add in gains but in spite of the fact that FOMC raise rates last week financials have shown some weakness, see how it will react at 24.25 as prior pivot for this week. If bulls didn’t step in at this level we may see a move to 23.85.

Strong stocks : 

JPM, WFC, CB, AXP, SCHW, PRU, CME, MMC, ICE, SPGI, TRV, AON, ALL, PGR, AMP, MCO, PFG, TMK, CBOE.

Weak stocks : 

GS, COF, SYF, TROW.

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