Something is rotten in the state of BAC. VERY strong
market rebound and BAC is down 3.5%. Wonder what is hiding
there.... today was no bottom if $BKX keeps accelerating to the
downside.
UYG is up too. JPM and BAC are not the only ones in
the financials. Granted... they are not as strong as the
rest of the sectors, financials as a whole are not
down today.
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BAC announcement soon?
Posted by kalinm on 21st of May 2012 at 03:37 pm
Something is rotten in the state of BAC. VERY strong market rebound and BAC is down 3.5%. Wonder what is hiding there.... today was no bottom if $BKX keeps accelerating to the downside.
Technically, BAC crossed below its
Posted by frtaylor on 21st of May 2012 at 05:42 pm
Technically, BAC crossed below its 200dma last week. That may be weighing on it.
The XLF is up .94 percent
Posted by zach06 on 21st of May 2012 at 03:54 pm
UYG is up too. JPM and BAC are not the only ones in the financials. Granted... they are not as strong as the rest of the sectors, financials as a whole are not down today.