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Algo Signal – US Financials

With the recent sell-off in US equities, we’re now seeing a number of Algo long signals appear in the US financial names.

We’re mindful of the “peak optimism” that is priced in regarding tax cuts, deregulation & US economic pickup and approach these buy signals with caution.

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We’ll be tracking the short term momentum indicators in Goldman Sachs and Bank of America as a leading indicator to market sentiment.

 

Chart – GS
Chart – Bank of America

 

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