Philly Bank Index (104.88)

U.S. bank stocks have been out of favor with me for some time now. I acknowledged the short term strength of the recent rally (almost like a penny stock), and said that if it penetrated round-numbered resistance at 100 I would review my negative overview. The index easily surged above 100.

As a result, I have moved to a neutral longer term stance from negative. Now I'm looking for a flat trading range, with resistance in the area of the recent high below 105, and support around 92.50