Financials have done well thus far this morning, that's why the S&P didn't drop like the NASDAQ. I talked about BAC Thursday last week.
1 min 3C chart
5 min 3C chart
15 min 3C chart
The 1 min chart shows a small bounce developing late Thursday, it's a bounce off support, but resistance s nearby and 3C hasn't confirmed the bounce. Watch for resistance near the $13.40 area, it may be a place to start phasing into a short position on BAC if you like the trade.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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