BAC

BAC is a trade I've mentioned on the short side numerous times, I think the last time I featured it specifically was Oct. 21st. I like to build a position in a trade like this so long as it doesn't violate the trend channel stop which is around $12.44. As long as it doesn't I like to add on any strength.

Here's the current trend channel stop..

This is a daily chart.

We also have a 1 min positive divergence in the SPY building so you may get a chance at a better short side entry in BAC.