As Financials Fade, S&P500 Loses Momentum

Here are a pair of charts from Ron Griess at The Chart Store. Taken together, they show potentially fading momentum for the rally.

As noted last week, I still believe the rally is “Innocent until proven guilty,” but this is worth watching:

S&P Financial Sector

12-18-09 Daily S&P Financials Swing


S&P 500 Weekly Momentum

12-18-09 Weekly S&P w-MACD

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