Anyone notice how C BAC

    Posted by depietri1 on 5th of Aug 2009 at 11:40 am

    Anyone notice how C BAC JPM are moving higher but in general overall markets have pulled back. Yet GS, MS  just sitting there going nowhere. I find this peculiar.

    strange market

    Posted by harryg on 5th of Aug 2009 at 01:17 pm

    i also noticed it as my faz was diving for no accountable reason. until i saw the bloomberg article how GS made a trading record of 46 days over $100 million gains.maybe they are busy pumping the slow gainers today for a few more millions, as others go broke from their games. as noted by others the whole market has been acting very strange as someones are not letting nature take it course.

    I will be a seller

    Posted by cwa82675 on 5th of Aug 2009 at 12:08 pm

    I will be a seller of the banks as soon as they poke their head above 43.80, that will complete a very sloppy abc correction from the move down.

    GS weekly & montly

    Posted by manson805 on 5th of Aug 2009 at 12:01 pm

    GS bumping up against long term MAs. Please note that these Moving Averages are custom and just provide a good roadmap. The monthly chart sure is interesting. BAC and the rest of the group seem to have some catching up to do. 

    Yup - It's weird

    Posted by sporopat on 5th of Aug 2009 at 11:48 am

    I was thinking the same thing.  The banks and real estate are remaining pretty strong while the SPX is down 8 1/2 points. 

    Maybe it means we have more upside before a larger more meaningful correction?

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