The banks will be a low volatility trade. JPM,C,WFC & BAC are set up for more gains. The risk in the IAT “Regional Bank” trade appears to be limited to about 2%. FEYE…the technical formation is good. By holding above … Continue reading
30 Yr. Bonds… are attempting to top. By remaining under 140.00 they have the potential to break another point. TBT…by maintaining above 56.85 close, TBT can rally to 58 which is the next resistance level. Banks benefiting from the price … Continue reading
Stocks… Spu’s…I’m looking to buy around 1730 with a very tight stop. Presently, the Spu’s are holding point & figure support @ 1770. Yesterdays low was a normal standard deviation move for the Spu’s of 80 points. I’d like to … Continue reading
Financials (BKX) are attempting an ORL day as is GS,JPM,BAC, & C So is OXY in the Oil patch. Pay attention to your holdings! It should be a volatile last 30 minutes.