Technical Repair On Financials

For whatever reason, there was a significant amount of improvement on the technicals of many financial stocks - mostly small regional banks. Almost all the repair came on Friday and looks pretty odd to be honest. I saw no fundamental reasons why this occurred and yet, the breadth of this move in financials was very strong. It really looked like a coordinated effort as I seriously doubt it was an accidental and highly coincidental decision by “bargain hunters”. If you are short the financials, I suspect you suffered enough to take notice. However, if this is all news to you, I strongly suggest you pay close attention.