Financials Breaking Out – $XLF $JPM $GS

After this mornings jobs report, financials are getting bought hand over fist.   $JPM and $GS  Goldman Sachs and J.P. Morgan Chase are up 2% each.  Even more impressive, the financial ETF $XLF today has broken resistance that's been over 10 years in the making.

$XLF 20 year chart


$XLF two month chart

This breakout, if it holds, looms large for the overall market.  Financials could lead the next leg higher in 2017 and push stocks to more records in the months ahead.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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