In a column Thursday evening, Jim Cramer noted that in the banking sector Wells Fargo & Co. (WFC) is a great value with a new CEO and a 7.5% yield. Value is not a word that is typically used by technical analysts so let's check out the charts.
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Shares have rebounded smartly to challenge the declining 50-day moving average line.
The detrended Rydex ratio remains very bullish.
When I scan the restaurant space, I remain perplexed, wondering not only when they might be able to reopen, but also how quickly consumers will come back, and to what degree?
This is still a very difficult market for individual stock picking as the action is strongly correlated.