Wednesday, 18 January 2012

US Financial Sector seems so Strong still

Dear Friends,

After Friday JP Morgan (JPM) earnings miss and today's Citigroup (C) earnings miss, I am very surprised that the Financial Sector in US remains so strong. It proves that the whole US market is buoyant, brimming with confidence. Let us watch closely of earnings from Back of America (BAC) or Goldman Sachs (GS) to see if the financial sector's big stocks still miss their expectations 2moro and the day after.

Btw, Goldman Sachs is on its strong resistance trendline of $100. See whether their earnings results will revive this stock. It is touching its trendline resistance now.

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