Financials Looking Stronger

. . . While the longer-term chart of the DJUSFN above looks ominous, the short-term chart of financials has improved drastically.  In fact, during the last three weeks of October, financials were the top performing sector.  The MACD of the relative ratio between financials and the S&P 500 has just crossed the centerline showing that the relative strength of financials is gaining momentum.  The last two such signals have preceded very bullish moves in both financials and the S&P 500.
http://blogs.stockcharts.com/chartwatchers/2011/11/financials-still-hold-the-key.html