CNBC Fast Money August 29, 2016
And the rally was led mostly by the financials. And here is why that matters. Check out this chart. Its a good one. For the last two months, if you want to know where stocks are going, look at the financials. They are breaking out once again, so, are banks now flashing the buy sign for stock . Well, theyre flashing the overheated sign. On the technical basis and again, i look at relative strength indicators and by the way, that can quickly be worked off. So, bank of americas got to decide, that ...
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