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The big banks are looking good, especially MS and GS (I am long GS), as well as some regionals. The post and video that I made last week about using The PPT for the financials seems particularly useful now, so I am going to repost it here.
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this guy never stops working…
if i’m to win the 1000 FLYBUX i think i will treat you to a massage, rather than sw steakhouse
Good man.
Not sure of the fundamentals or bias that favors regional vs. diversified bank,… but heres my take on USB today before it gets assaulted tomorrow… as this may have been an impulse entry on my part this afternoon.
Ah such conflict…. we see the market as we are…. hmmm- i experienced excitement greed and fear of missing out… Is that bad?
USB closed above 100 and 20 sma, with 8XMA pointing up, bottoming tails moving up from ascending trendline as short-term support. Price Action crossing over descending trendline on decent sized candle and volumne. Stochs curving up off 50 mark, and MACD looks set up… in the event of XLF follow-thru see viable target in the 27.29 area…
good stuff, thanks
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