I thought this was interesting

This was posted this morning  Compare to last night's "Week Ahead" It also seems that our short trades on the January list on foreign banks are off to a good start. I'm guessing as in the past, the euro crisis will ebb and flow as usual and we'll see some bounce in the Euro banks on the trade list, I wouldn't get too worked up about any upside, intraday or otherwise. Later in the week we have the auctions and I highly doubt they are going to show improvement with the "Bond holder haircuts" being floated again. So I'd expect the banking names we have short trades o will probably get hit again later in the week, but the downside we've seen will need a little upside relief which is actually good, we'd much rather see an orderly trend then a bunch of volatility moves.

The specific banks on the trade list for January were posted Thursday 1/6/2011 and include: DB, ING, STD, BCS and UBS. All are down again today with the exception of BCS which has a slight gain of .29%-the rest are down around 1.75% or so today. Any relief of an oversold condition may offer good positioning to open or add-to any trades you may have in those names. Remember, for risk management, if you trade more then 1 of these banks, they really should be treated as 1 trade as they are of course, highly correlated.