Financial Stocks Still Tell The Tale – 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.

About Nicholas Santiago 575 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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