Some thoughts on the Financials...

I will be posting some more detailled views of the markets, especially this bounce, this weekend. One thing I would like to send people into the weekend thinking about is financials. All the big financials had unhealthy action today in addition to not closing at the highs as the major indexes did. It was not good. WFC, C, JPM, BAC, AIG, GS...and a host of others all posted bearish chart patterns that look like they are going to resolve soon...start doing some research...additionally this pennant looks like a continuation pattern...its about to get interesting by the looks of things.

Additionally, the transports did not have an especially strong day either...

Have a great weekend.