Big earnings week for banks (JPM, GS, WFC, MS)
SP500 keeps pushing record highs
SPF testing short term S/R established by recent high
Based on close today will look at financial sector stocks that fit into trading plan
SPF has fallen short of reaching its all time high of $510 in 2007 before the financial crisis. Could this be a psychological barrier for traders? The cause of the financial crisis was banks taking on risky assets and appraising them, fraudulently, as safe investments in the form of CDO's. Their mistake could have created the largest psychological barrier in the...