Below is a newly created daily sector chart for the big investment & trading banks accompanied by a chart of the cash S&P 500 for comparison and relative strength purposes.

The SPX currently is on a bullish signal. Only a decline that breaks 1277.50 will neutralize the signal.

Goldman Sachs (GS) currently is on a near-term neutral signal, but will shift to bullish on an upside hurdle of 106.10.

Morgan Stanley (MS) currently is on a near-term neutral signal, but will shift to bulish on an upside hurdle of 17.50.

Bank of America (BAC) is on a near-term bullish signal and will remain so unless it breaks below 6.00.

 

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com.