Date updated:02-04-2009
This portfolio summarizes my candle chart analysis, for financials, from January 5, 2008 to February 4, 2009. The research is based on my candle chart article on Stockpickr.com.

-
XLF
Financial Sel Spd - $14.60
- -0.61%
- $14.57
January 9-15: 5 out of 6 days when the closing price was lower than the open, with increasing depth on the 15th and 16th. January 27-28: Close higher than open both days, apparently a strong uptrend signal. Unfortunately, not confirmed by the trading from January 29 to February 4.

-
C
Citigroup Inc - $4.20
- -1.41%
- $4.19
January 5-8: churning sideways activity, signalled by thin rectangles. January 9: Bearish harami, signalling downward move. Confirmed on January 12. Move continued untile January 20. January 16 to February 4: sideways movement from 3 to 4, with no breakout signal either way.

-
JPM
Jp Morgan Chase C - $42.46
- -0.21%
- $42.47
January 5 to 12: bearish candles from 30.5 to 23. January 15-20: 3 bearish candles in a row, from 25 to 18, signalling continuation of bear trend. Not confirmed by subsequent trading activity. January 20-21: bullish harami (on January 21) signalling an up trend, to 27, which continued to 1/28. January 29-February 4: Gradual downtrend, on bearish candles, from 27.5 to 23.5

-
WFC
Wells Fargo & Co - $27.87
- -1.59%
- $28.21
January 5 to January 7: 3 Strong bearish candles, signalling downward trend, from 29 to 17. Continued to January 20. January 27-28: Gap up, on two green candles, a strong bullish signal, from 16 to 21. Not confirmed by subsequent action.

-
FITB
Fifth Third Banco - $9.97
- -0.80%
- $9.97
January 6 to 8: thin candles, signalling sidways action from 7.25 to 8. January 9-12. Bearish downward signal, confirmed by price action, from 7 to 2, until January 22. January 28-29. Bearish harami, confimed, by price action from 3 to 1.5.

-
USB
Us Bancorp - $23.29
- +0.69%
- $22.95
January 5-6: two bearish candles, signaling drop from 28 to 16 on January 21. January 22-February 4. Churning, alternating bullish and bearish candles, from 12 to 16.

-
KEY
Keycorp - $5.73
- -1.55%
- $5.77
January 20-21: bullish harami, signalling move from 6 to 8.9, ending January 29. January 29-30: Bearish harami, signaling drop from 8.7 to 6.9, through February 4.

-
HCBK
Hudson City Banco - $13.30
- -0.15%
- $13.30
January 6-7: Bearish harami, confirmed when price dropped from 16 to 12.2 by January 20. February 2-4: 3 marching soldiers (3 increasing bullish candles) predict a bullish breakout from 11.4 to 12.5.
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