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Banks Threaten Bull's Scene

|Includes:SPDR Dow Jones Industrial Average ETF (DIA), QQQ, SMH, SPY, XLF

Heavy selling from banks threatens the broader market pullback.



For the second day in a row financial stocks (NYSEARCA:XLF) fall below major moving averages. Without the support of this key sector the rally is suspect.



Meanwhile, breakouts from select growth stocks hold up in support of the Bull.

Stay tuned,

Dan, thegrowthstockreport.com

Disclosure: Long: SINA, TSL, ASYS. Short: DECK

Stocks: DIA, SPY, QQQ, XLF, SMH