Bullishness in the marketplace has returned very quickly. This is not a big surprise given how well the stock market has acted this year, but it’s still interesting that it has bounced back so strongly as we head into the usually volatile month of September.
The regional banks stocks have not recovered anywhere near as much of its August losses as the major averages. However, the group is testing a key resistance level right now. So, whether it breaks above that level…or fails at that level…could/should be important for both the group and the rest of the stock market.
You don't have access to this post on The Maley Report at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.
This post is for subscribers on the Before the Open and All-Access tiers only