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Friday, 1 September 2017

SPDR Financial Sector and Bank Stocks Worldwide: 1 September 2017, Friday, 11.20pm Singapore Time

SPDR Financial Sector and Bank Stocks Worldwide: 
1 September 2017, Friday, 11.20pm Singapore Time

Attached above is the technicals for SPDR Financial Select Sector. There is a strong bull market for all bank stocks worldwide, with US banks leading the way. Refer to the green circles for demonstration of strength. Refer to breakup of short term orange channel for demonstration of strength too. Consolidation of the banking sector stocks worldwide have been on decreasing volume. This is very healthy in nature. Worldwide bank stocks have a lot more upside to go and are ready to resume their rallies.

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