Financial Stocks Lead Markets Again

One sector that has lead the stock markets higher has been the financial group or the large major banks. Stocks such as J.P. Morgan Chase & Co.JPM, Wells Fargo & Co.WFC, and Bank of America Corp.BAC, have been leading the markets higher since December 1, 2010. These stocks continue to remain strong on the charts at this time. Well Fargo & Co. stock has pulled back from its intra-day high that was made at 10:30 am EST. The stock will have good short term intra-day support around the $32.95 area. This is a level where scalp traders can look for a bounce in the popular bank stock. Nicholas Santiago InTheMoneyStocks.com