We traded within 1 point of the 837 noted in the blog overnight- Will this we a support area or will we test it during the regular hours and slice through it.
Bank of America and Citi looks like they need more capital per the stress test, so expect the financials to take a breather. As I have said I believe these banks are all insolvent and it is just a matter of time before all the masquerade is over about these institutions.
I hope this chop is over soon but most importantly watch how we trade around the 837/838 level today it is extremely important
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment