Thanks for the charts...I am sitting in cash..tried some longs
but too choppy action...no convincing volume..look at XLF it is
already getting close to backtest the broken support on light
volume...also JPM,C ,BAC volumes very light. I may buy some FAS
puts based on tomorrows action...but today I am practicing the art
of sitting tight
Posted by morton13 on 26th of Jun 2013 at 03:17 pm
just an fyi - i read a report this morning which suggests some
of the larger banks may have some very large bond portfolios with
the excess liquidity and the reluctance to make loans and they may
be taking a large hit to their capital this quarter. the
report suggested that regional banks are a better investment.
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Thanks for the charts...I am
SPX Charts
Posted by rose123 on 26th of Jun 2013 at 01:56 pm
Thanks for the charts...I am sitting in cash..tried some longs but too choppy action...no convincing volume..look at XLF it is already getting close to backtest the broken support on light volume...also JPM,C ,BAC volumes very light. I may buy some FAS puts based on tomorrows action...but today I am practicing the art of sitting tight
Hi Rose123
Posted by morton13 on 26th of Jun 2013 at 03:17 pm
just an fyi - i read a report this morning which suggests some of the larger banks may have some very large bond portfolios with the excess liquidity and the reluctance to make loans and they may be taking a large hit to their capital this quarter. the report suggested that regional banks are a better investment.