A new report by Oppenheimer focuses on the technical picture for financial stocks. Overall, Oppenheimer analysts are bullish on the technical prospects in the space, and the report highlights exactly what they will be watching in the coming weeks. Oppenheimer also lists its top buy and sell ideas.

Key Technical Level

Analysts note that the S&P 500 is attempting to break above resistance at 2120, but they will be watching the Russell 2000’s test of 1200 even more closely. “Most recently, this gauge of small-cap stocks has corrected back to this breakout point, and the ability to hold this level will be a crucial signal regarding the strength of the market’s advance, in our view,” they explain.

Capital Markets Lead The Way

Analysts like the capital markets subsector as one of their “favorite new money ideas,” and believe that…

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