• The most recent news pertaining to the Middle East certainly does not guarantee that this crisis won’t keep escalating, but it is bullish news over the near-term. 
  • With the positive bank earnings this morning, the KBE bank ETF will be testing its KEY resistance level.  So, if it can finally break above that level, it will be very bullish for the group…and it should be positive for the broad market as well.

 

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