I believe we are making our way through another washout low in the financials. I would be a buyer of them after tomorrows open. I am expecting the BKX to fall by another 7 to 10% between then and now.
11:45 - Those looking for a daytrade with considerable meat may consider the FAZ around 57.50. I expect it to take off post 12:30 and go parabolic into the close. TIGHT STOPS ARE A MUST!
12:35 - Can't even take my own advice - sold at 58.85 for a modest gain. Can't trust this market on the short side. Too many things could blow that trade apart.
Posts
