Financials

Those that propose that the stock market has been saved by mergers in 2010 are probably surprised by the fact the financials continue to struggle. Not only do they continue to underperform most sectors and but also exhibit decreasing volume during the rally.

DJ US Financials ETF (IYF):


Volume has contracted as overhead gaps have been filled and swing highs exceeded. This is an indication of the declining force behind the tape. This won't be obvious until some event happens that makes it obvious in retrospect.