Profit-taking shifted from the energies to the financials as a number of major financial stocks closed lower for a second day to end the week. Both down for a second consecutive session, ^GS^ and ^MS^ have moved closer to oversold territory above the 200-day moving average.
Retailers from ^EBAY^ to ^JCP^ are also under selling pressure in the post-holiday period. Shares of ^ANN^ have pulled back for six days in a row.
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While shares of ^BAC^ dropped below their 200-day moving average in trading on Friday, other financials like ^WFC^ and ^JPM^ (below) have remained above their 200-day moving averages as they pull back for a second day.
Shares of JPM closed down just below 2% on Friday, rallying off their lowest levels of the day.
Selling in many energy stocks continued again on Friday, with shares of ^HAL^ closing in oversold territory for a fourth day in a row. Bucking that trend was ^NOV^ (below) up 2% after closing lower for four days in a row.
Shares of ^BA^ continued to climb into overbought territory above the 200-day moving average. The stock was up more than 1% intraday on Friday before selling off modestly into the close.
Up more than 2% after a three-day pullback above the 200-day were shares of ^SBUX^ (below) on Friday.
SBUX has been trading above its 200-day moving average consistently since early September.
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David Penn is Editor in Chief of TradingMarkets.com