Market Update Into 11/12: A Look at Financial Stocks
A prepared trader is a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. This weekend, we take a look at financial stocks as the federal reserve announced this week that they would continue to increase interest rates. As interest rates increase, this helps banks and other financial institutions with their margins and income.
Bank of America ($BAC): Daily vs. Weekly
Wells Fargo Corporation ($WFC): Daily vs. Weekly
Goldman Sachs ($GS): Daily vs. Weekly
Before and After: $INFI
In this weekend’s “Before and After”, we take a look at how $INFI bounced perfectly off the wedge resistance two days in a row. After the price bounced off the SMA (20) last week, the price immediately gapped up over the next two days and opened right at the trendline resistance.
Timestamps Captured This Week