Many of these names are short term overbought and the 50% retracement on XLF is very close to being hit. The price is actually about $22.75. I am looking to short into any further strength.
Sunday, July 20, 2008
The Financials
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
1 comments:
dont forget PACW. There is a real p.o.s. West Coast banks blow chunks and anybody in them is about to feel a real kick in the groin.
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