Sunday, July 24, 2011

US Banks in focus

I like looking at the US Banking Sector from time to time and it helped sniff out last weeks move as the US banks started reporting, none more evident then the sharp move in Morgan Stanley. While many would say wow 15%mm but then zooming out on the chart what do you see ???


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The biggest glaring problem I see with US markets at present and probably no surprise, but look how far apart the SP500 and the XLF are at present, does that suggest its time they got back together, Im open to either bridging the gap, and the bias is up to the individual


Regards
Rob



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