Action is non eventful today- I am still under heavy paperwork here so forgive me for being off the postings this week.
Banks are dead here for sure especially with new talk about BAC, we might be in a rough patch here for a long time with the financials. Please folks dont buy bank stocks or if you own them sell them before they goto $1. I say it once said it twice I personally think any bank stock over $20 is a short and I think most will be single digits in the near future.
The market is coiling and that means a break out is coming very soon, the only question is which way.
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- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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