Capital One Financial
  • COF

  • $147

  • -0.19%
  • $147

  • $148

  • $145

Ticker Appearances

Daily Technical Strategy
Fri, October 4, 2024 | 7:40PM ET

SPX rally back to new highs underway, led by Financials

SHORT-TERM US EQUITY TRENDS LOOK TO HAVE TURNED BACK HIGHER FRIDAY FOLLOWING A FRUSTRATING TIME FOR BULLS AND BEARS ALIKE IN RECENT WEEKS.   DESPITE A...

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Visitor: a282ac-d7c0df-28744e-9157c3-c95eef

Fri, October 4, 2024 | 3:20PM ET

⚡ FlashInsights

Fri, October 4, 2024 | 3:20PM ET
Today's move in the banks is particularly impressive. S&P Banks index is higher by 2.3% and we're seeing Triangle breakouts by the Equal-weighted Financials ETF (RYF) This is very important and positive to the US Stock market in the short run and stocks like DFS 0.67%  COF -0.19%  SYF 1.16%  and MTB 0.29%  are all making really significant gains today, technically speaking. Financials and Discretionary are the two top performing sectors today, but its the banks that are a standout and the economic strength coinciding with rates rising has been helpful to this sector today. Today's move puts Financials in the spotlight for the weeks ahead, and i expect some good relative strength out of this sector. Financials as a sector remains a Technical overweight.

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