Jeffries (JEF) the next brokerage in trouble ??
As the chart in todays post highlights Jeffries (JEF) may be the next brokerage firm to struggle.  After scoring a major top (orange dotted semi-circle) shares then broke what had been longstanding support (double red lines).  Once broken this support became a big resistance zone which shares then subsequently failed at on its recent snap back rally.  Of a more critical note is the fact that JEF shares are tesitng a longer term trend line (green line) for the third time in a relatively short period of time.  The high frequency of trend line tests in such a short period of time suggest that a likely trend break is coming soon.  A close below $ 14.00 would be a crucial breakdown and suggest a move to the $ 10.00 to $ 9.00 region. 
Raising the odds we are right here is the fact that JEF shares have a low FusionIQ Master Rank Score of just 41 (out of a possible 100)



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