Sector Mid Day Update – Brokers Declining: ETFC, GS, MS

etfc New York, January 10th (TradersHuddle.com) – The overall market is trading higher with the S&P 500 adding 1.08%. Stocks of Broker / Dealers are are also trading higher, with NYSE Broker/Dealer index trading at 89.15, which represents 2.61% from its previous close. 10 out of 10 components of the index are trading higher.

E*TRADE (NASDAQ:ETFC) is the index current top performer, trading at $8.86 representing 4.24%. versus the previous trading session. Shares of E*TRADE, the online brokerage and financial services provider for individual retail investors, have defined support at $7.61 and resistance at $8.64.

Goldman Sachs (NYSE:GS) is also among the top performers, trading at $98.12 representing 3.62% from its previous close. Goldman Sachs, the premier global investment banking and securities firm has calculated support and resistance levels at $90.04 and $96.43 respectively. The other top performer is Morgan Stanley (NYSE:MS), which is trading at $16.78 representing 3.58% from the previous trading session.

The index worst performers include Interactive Brokers (NASDAQ:IBKR) that is trading at $15.33 or 0.99% from the previous close. Shares of Interactive Brokers, the automated global electronic market maker and broker have defined support at $14.38 and resistance at $15.22. Also among the worst performers is TD Ameritrade (NASDAQ:AMTD), which is trading at $16.72 representing 1.27% from the previous trading session.

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