CLICK ON CHART TO ENLARGE
Key Banks are all up against multi-year resistance lines at (1) above.
The chart below reflects that some banks did very well compared to the S&P 500 in 2012.
CLICK ON CHART TO ENLARGE
If this phrase is correct ( So Goes the Banks, So goes the broad market) , it is extra important for the broad market right now that the banks take out the resistance lines in the 4-pack above at (1).
Mission Possible per breaking resistance? Yes, It is possible!
Possible for the 500 index to have another strong year without the banks moving higher? Closer to Mission Improbable!
–
