All of the major indices are gapping up once again this morning after a powerful overseas rally continued led by banks and financial related stocks. We are certainly over extended however there may still be more room to the the upside. The prudent trader will buy cautiously at these levels and potentially look to enter short positions for a short-term trade. Sectors to watch besides the banks include the insurance and coal names. Also keep an eye on the retail, casino and education sectors for potential weakness.
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