• Several big banks have become overbought on a technical basis.  In fact, one of them (JPM) has become the most overbought it has EVER been by one measure. 
  • We’d also note that Visa & Mastercard are seeing some cracks in their charts.  This might merely be a technical issue…and say nothing about the consumer…but either way, they are stocks that look vulnerable over the near-term. 

 

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