The chart shows that the S&P is lying on its 20 day SMA. Today’s move provides evidence of strong support at the 1205 level. Tomorrow, the market might test the support level again or start to take a swing upwards.
If the market shows sign of moving upwards, I will take on more positions in Financials.
This is my virtual portfolio… where I am testing out a PRO Financials trade.
Almost all the shares shown above are BANKING stocks.
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