The market reached another all time high tight buoyed by the financial sector and Oil coming off the lows for another day. The FED cleared all banks in their stress test and CITI doubled it's dividend. This sounds like great news for the Financial industry and in particular for CITI group as things must be going quite well for them to be comfortable enough to double their dividend. We don't buy CITI much because its to big and wouldn't have the type of movement most momentum stocks that we are looking for would have. So what does this mean?
Click this link for my annotated chart of XLF or the Financial Industry ETF I follow.
STOCK CHART SET UPS
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