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  • Financial Stocks Still Tell The Tale 1 comment
    Feb 27, 2012 11:12 AM | about stocks: JPM, GS, MS, DB

    This morning, all of the leading financial stocks are holding up after an early morning dip. J.P. Morgan Chase & Co (NYSE:JPM) is considered the most important financial stock in the United States. As long as JPM holds up it is very difficult to see the major stock market indexes stage any meaningful decline. Traders that follow JPM stock can watch for intra-day resistance around the $38.25, and $38.50 levels.

    Other important financial stocks that traders should follow are Goldman Sachs Group Inc (NYSE:GS), Morgan Stanley (NYSE:MS), and Deutsche Bank AG (NYSE:DB). All of these leading stocks have rebounded off of their morning lows. As long as the financial stocks hold up the major stock indexes will likely hold up as well.

    Nicholas Santiago

    Stocks: JPM, GS, MS, DB
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  • Chartist Friend from Pittsb...
    , contributor
    Comments (3) | Send Message
    Anyone else think Morgan is the next Lehman? That stock is in bad shape:

    27 Feb 2012, 03:50 PM Reply Like
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