Of interest, in the short term, will be my 4-Hour chart of XLF below...current price is in between near-term confluence of resistance and support.
The 1-day 1-minute percentage comparison chart below shows how the XLF surged ahead of the Dow 30 Index, while the credit card stocks, V and MA dropped. Today is the third gap up on the open since November 28th. How long can the buying frenzy last...or is it just short-covering after pre-market rallies? Are the circuit breakers about to trip?
