Financial Stocks

gapped higher at the open and overcame the recent resistance at 20.30. These stocks have shown a short term pattern of higher highs and higher lows today (see inset). With the inability of the market to break down below the important support at 19.75 it now seems as though the shorts may see more pressure. 20.30 should now become support, failure to do so would put this move in jeopardy.