International Currents:

I frequently like to mention the financials as finnies “swimming upstream, of course, if they are acting well. Well, the current is behind their backs and it is interesting to see how names in the arena around the globe are performing. DB is interesting here as it could be forming the right clavicle in a bearish head and shoulders pattern or a break above 13 would have a cup base in the making. CS is spooning the very round 10 number but still resides 28% off most recent 52 week highs, in other words a laggard. CIB just broke above a 9-month downtrend busting above the round 30 number as it has added a combined 16% the last 2 weeks. IBN sits just 3% from its most recent 52-week highs. Below is my favorite financial chart in the world in Royal Bank of Canada (FRC and GS a close second and third). It is acting much better than regional peers like BNS and TD and this name looks to me like it wants higher PRICES.

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