An interesting point on the chart today. This is the Canadian Financials Index, long regarded as the safest banks in the world for at least 5 years now.
The Canadian Financials Sector moved above it's 10 Week line this week for the first time in 6 months. That is good news. With JPM giving us such a neutral report and they are best of American Breed, The real question is whether we can hold above the 10 week.
But it's time to pay attention, no doubt about it.
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Greg Schnell, CMT
