First the Financials, Now the Techs

A week ago, we were noting that the markets were still holding up, but the bank stocks had broken support, and looked as though they could lead markets lower. The next day proved to show just that result. The prior support was decisively penetrated, as was the ascending trendline going back to the election. It was an important decline that should not be ignored. In reality, the top on March 1, after that huge upward gap, has developed into what may be a longer-term high for markets. 

Leading the stocks lower have been the very stocks that started the Trump rally, the financials. But as of yesterday, the malaise seems to have started spreading to the techs, which had been holding up rather well. ...218 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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