Fundamentally
Preference for this sector highlighted a while ago (see link below)
The current pickup in volatility should further help earnings
Technically
Brokers have been going up along with banks and asset managers
ETFC is now technically positive on all time frames, if slightly overbought
It closed above the 56 breakout level on Friday, after building a base sin late Jan
It's gapping up this morning at the open
The trade
Buy here and target 58.50 / 60.00 / 65.38 / 66.00 / 80.00 on the upside
Stop-losses at 54 / 52 / 50 / 44 depending on your risk level
Preference for this sector highlighted a while ago (see link below)
The current pickup in volatility should further help earnings
Technically
Brokers have been going up along with banks and asset managers
ETFC is now technically positive on all time frames, if slightly overbought
It closed above the 56 breakout level on Friday, after building a base sin late Jan
It's gapping up this morning at the open
The trade
Buy here and target 58.50 / 60.00 / 65.38 / 66.00 / 80.00 on the upside
Stop-losses at 54 / 52 / 50 / 44 depending on your risk level
