This is one of the MAD HEDGE FUND TRADERS favs.. The technical zone here is from 12.05-11.75. This zone is a 30% pullback for the life of the instrument. Buy a 30% position at 12.10 for longer term investors.
Long term investors should consider locking in some of their gains in the Financial ETF’s as well as BAC by 30%. I like this sector long term, but we’ve come a long way and some retrenchment is likely. REE…use a … Continue reading