This morning, all of the leading financial stocks are catching a bid higher. This is the first real bounce for this important sector in about a week. The most important financial stock in the market is J.P. Morgan Chase & Co (NYSE:JPM). This leading financial stock is is trading higher by 0.68 cents to $41.30 a share. Short term traders should watch for intra-day resistance around the $41.50, and $42.00 levels.



Some of the other leading financial stocks that…

This morning, all of the leading financial stocks are trading higher on the session. Goldman Sachs Group Inc (NYSE:GS) is the one financial stock that is trading negative after reporting earnings earlier today. J.P. Morgan Chase & Co (NYSE:JPM) is the most important financial stock that any trader can follow. Today, JPM stock is trading higher by 0.35 cents to $43.68 a share. Short term traders should watch for some intra-day resistance on JPM around the $43.75 and $44.18 levels.…

This morning, most of the leading European banks are coming under some early selling pressure. Meanwhile, the leading financial stocks in the United States are trading higher on the day. Traders can easily look at a J.P. Morgan Chase & Co (NYSE:JPM) and see that the stock is now trading higher by 0.75 cents to $41.20 a share. This is a new eight month high for JPM. On the flip side, leading European stocks such as UBS AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB), and Credit Suisse…

This afternoon, the Federal Open Market Committee (FOMC) will announce there interest rate policy statement. Most traders and investors are expecting the Federal Reserve to keep the Fed funds rate (overnight lending rate to the large banks) at zero percent. It is important to note that the Fed funds rate has been at zero percent since December 2008. Many investors are waiting to hear if the Federal Reserve Chairman Ben Bernanke mentions another plan to implement QE-3. While this action…

All of the leading financial stocks are coming under some selling pressure this morning. The important Financial Select Sector SPDR (NYSE:XLF) is finally declining after an eight day rally. On November 25, 2011 the XLF was trading as low as $11.73 a share. Today the XLF is trading lower by 0.21 cents to $13.12 a share. Even with today's decline in the XLF this ETF is still $1.39 higher than it was on November 25, 2011. All in all, the XLF is still holding up well on the daily chart at…

Yesterday, all of the major stock indexes around the world surged higher after the central banks announced the coordinated intervention for the banks holding European debt. This action by the central banks is a repeat of the action taken back in September 2008. We all know what happened shortly after that intervention in 2008 as the stock markets cratered into March 2009. This time around the central bankers will probably be a bit smarter and the current scenario will not be as dire so…

Germany is considered the most important country in the European Union. This country now has to decide if it is willing to go all in and allow the European central bank to have complete control over the banking crisis that is taking place. France has already been pleading for the European Central Bank (ECB) to start to print money to bailout the European banks. This puts Germany in a very compromising position since it has been so cozy with France over the past two years. If the German…

This morning, the leading financial stocks in the United States markets are trading lower. This is usually a good indication that the major stock indexes will be lower as well. While that is the case this morning, it is also more important to follow the European financial stocks since this a European debt crisis. Leading European financial stocks such as Deutsche Bank AG (NYSE:DB), UBS AG (NYSE:UBS), and Credit Suisse Group AG (NYSE:CS) are all holding up exceptionally well considering…

The plot thickens again in the soap opera of the European Union. One day there is a $1.4 trillion bailout fund in place and the next day that deal is falling apart at the seams. One day Greece is on board with austerity measures and the next day they might be back to using the Greek Drachma. This Greek drama continues to get better by the minute.



Next there is Italy and Spain. Italian 10 year bond yields are now surging higher by more than 6.0 percent and this is…