As Financials Fade, S&P500 Loses Momentum

December 21, 2009 12:30pm by Barry Ritholtz

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:
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S&P Financial Sector

S&P 500 Weekly Momentum

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