Wednesday, May 22, 2013

Morgan Stanley losing steam

Figure 1: Morgan Stanley's weekly chart uptrend is still very bullish but on the daily time frame, MS appears to be losing major steam in terms of money flow trend and upward momentum.
Graphic provided by: TradeStation.
Figure 2: Morgan Stanley (MS) is substantially outperforming the S&P 500 index (.SPX) over the last 4-, 26-and 52-week periods. Financial sector stocks continue to push the .SPX higher, but expect a pullback within the next week or so.
Graphic provided by: TradeStation.
Graphic provided by: TradeStation Radar Screen.