We have the index breaking through the 200MA. We have had a golden crosses at whatever moving averages you want to use. We have solid value appearing and in almost every financial area and now we have just one more strong technical formation to convince you to buy the financials. If you have made money in Canadian Financials and don't knwo where to put your profits... The time would be perfect right now.
A classic cup and handle formation has developed on both bank indices we follow, the KBE and BKX. Now is the time to buy the US banks. With the loonie at a yearly high conciding with oil, and probably little appreciation even if the USD falls, for us candians, the timing couldn't be better to move some assets into the US.
Bottom fishing is the flavor of the day if its a house in phoenix arizona or a distressed bank in Florida. Now is the time to buy.