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Negative Stock-Market Divergence: Scary Stuff

By Nicholas SantiagoStock MarketsApr 03, 2013 01:59PM ET
Negative Stock-Market Divergence: Scary Stuff
By Nicholas Santiago   |  Apr 03, 2013 01:59PM ET
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I wrote about this not long ago but it is worth noting again. The negative divergences on the financial stocks is something that is scarier than a naked 90-year old witch on Halloween. Stocks like JPMorgan Chase & Co. (JPM), Goldman Sachs Group, Inc. (GS), Wells Fargo & Co. (WFC), Morgan Stanley (MS) and Bank of America Corp. (BAC) all put in a major pivot top weeks ago. While the S&P 500 squeaked out a new all-time closing high, these stocks continue to fall lower.

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Goldman Sachs Group, Inc.
Goldman Sachs Group, Inc.

Gareth Soloway
Chief Market Strategist

Negative Stock-Market Divergence: Scary Stuff

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Negative Stock-Market Divergence: Scary Stuff

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