It wasn't the Financials that were the leading Sector this morning, but it was the Technical Sector.
On the 30 Minute Chart, the ESM08 Pivot crossed its 38 Period EMA this morning. The $TICK Pivot EMA turned green mid-day yesterday. Both the $TRIN and NYSE Advance - Decline Line were bullish this morning relative to yesterday.
The Futures has been bouncing off the 50% corrections since late yesterday afternoon.
The $TICK Pivot EMA on the 5 Minute Chart has been positive all morning. The market is currently stalling at the +6 Standard Deviation line, but the market remains bullish.
Charles
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