The bad boys of the 2008 financial crisis have come back strong over the last 5 years, it most cases bank stocks have recovered half of their loses. But like all energy, in does exhaust itself.

The stock market has had a great 5 year run from 2009 lows, many many charts are at upper channel lines and major resistance levels. Below is just another example. 

Controlled distribution has been going on in the markets, however not so controlled in the tech stocks (FB, TSLA, AMZN, PCLN, NFLX). As always the market needs a catalyst to send it lower. In a market that has much to do with central banks, a negative catalyst would be rising interest rates that occurs due to market forces and not central bank wishes. A hint, keep an eye on Japanese bonds in the next month or two.

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And the SPDR XLF...
 

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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net 

Investing Quote...

..“It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind.”...

Jesse Livermore


.."It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong"..

George Soros