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SVB Financial Group Message Board

  • TAvery49 TAvery49 Jul 6, 2002 1:43 PM Flag

    Support at $25-$26

    Other than a dip on July 3 below the $25 level, on a day when it finished moving towards the upside, SIVB looks to have put in near-term support at the $25-$26 level.

    In the broader Markets, other than extremely light volume as one might expect in a half day of trading when many participants were in the middle of a four day weekend for the Fourth of July holiday, nearly everything was up. Monday or the first three days of next week will tell whether there is to be any follow through to the July 5 one-day move.

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    • Looks to be gone. Since the 5th of July, SIVB has proved it's not immune to the overall sucky Markets conditions. Still, on a relative strength basis, SIVB has held up better than much of what's on my watch list. If the DJIA breaks 8000, it's bound to pull financials down with it. The Nasdaq is having trouble making it through the high 1300s, and the S&P breaking 900 portends trouble.

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