Broader Market Review
The major averages pushed higher yet again during last weeks holiday trading. The Dow crossed over another resistance level and is fast approaching a stronger and higher level that may cause a brief period of slightly lower prices but there is undoubted strength in the current market that should continue to propel prices higher into the New Year.
Dow Jones Industrial Average ETF (DIA) weekly
A Few Good Charts
I was able to do a little charting this past week between traveling and holiday cheer. My favorites are still looking good and I might as well add to the bunch. Check these charts out.
First Internet Bancorp (INBK)…Financial Sector
Principal Financial Group Inc (PFG)…Financial Sector
Bandwidth Inc (BAND)…Technology Sector
Don’t forget, you can get exposure to the Financial Sector with the ETF, XLF. It’s one of my favorites. Chart below.
SPDR’s Select Sector Financial ETF (XLF) daily
Happy New Year,
Don