(CLOSED +0.13%) Swing Short BAC through 23.19

Banks look gross. I have been ridiculed on Stocktwits and Twitter for calling out to short the banks (Which is a good thing? The more people that disagree with me the better because everyone is long)

If your buying banks here, you’re a bozo. Short BAC.

I am targeting below 22 and hitting 21 here. I think that the high today was the intermediate high and from here it is down. Look at the RSI momentum. There is ZERO reason to be long here when you can buy these at lower prices. Targeting under 22 at least.

bac

UPDATED:

01.24.17 – Stop is Breakeven basically 23.16

01.25.17 Stopped out at 23.16

CLOSED +0.13%

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s