Watch these big banks!
Namely: JP Morgan (JPM), Citigroup (C), Bank of America (BAC) and the notorious Goldman Sachs (GS).
All of them are breaking out as I am typing this and they look like they could be solid runners for the entire week.
Rarely do you find them or any group of stocks of a particular industry, all exhibiting massive breaks of long-term resistance simultaneously. But that is what you have here in the big banking industry.
I expect that I’ll probably be adding one of the names from the list above in the days ahead, possibly even tomorrow.
Here are the technicals and the trade setups:
J.P. Morgan Chase & Co. (JPM)
Citigroup (C)
Bank of America (BAC)
Goldman Sachs (GS)