Saturday, January 7th

 The Nasdaq and the Dow (the Dow was pointed out January 4th) have yet to break their downward trend lines, while the NYSE and the SPX have broken through theirs. This will often lead to choppy intra-day action as all the indices are tied together through the various investment vehicles (ie mutual funds, ETF's etc).

 Left click on chart(s) to expand

 The Philadelphia Bank Index is down 15.79 % over the past eighteen months. FAZ, an ETF designed to short these financials, is down 53.20 %. 

Always perform your own due diligence. These are only my opinions.

Apple

 Apple continues to surge higher, generally a good sign for the markets.

Always perform your own due diligence. These are only my opinions.

Financials Make their Move

 The US Banking Index ($BKX) has shown considerable strength since bottoming in October. There is still the 200 DMA to contend with, but - as has been repeatedly said here for some time - there is no easy money in being a bear (especially) when everyone else is.

 Left click on chart(s) to expand

 US banks have finally broken through a channel on a comparison chart with the SPX. 

Always perform your own due diligence. These are only my opinions.

Always perform your own due diligence. These are only my opinions.

Convergence

 The markets continue to defy all odds, but short-term traders on the bullish side should be cautious right about now.

 There's a trend line convergence here ...

 Left click on chart(s) to expand

 Which also coincides with the half way point on a pattern that would take the Indoos to the 12733 area.

 Then there's the 1200 point gain since late November to consider.

 

Always perform your own due diligence. These are only my opinions.

 Oil is doing just fine, so are gold and the markets. 

Always perform your own due diligence. These are only my opinions.

Always perform your own due diligence. These are only my opinions.