UPDATE: Word from the inside is that the majority of the 4,000 BAC employees got laid off today, including friends who called me. You can see hundreds of them rushing to the nearby bars to get hammered near Bryant Park (I’m serious). Funny thing is that Thain, the asshat with the $1,400 trash can, ordered the dismantling of BAC, but he got shitcanned as well.
Odd, no?
My previous post on BAC’s bullshit [here].
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great picture. the ex employees of bac probably dumping their bac stock finally
great pic…….
This abuse of taxpayer money has to stop….this is the stuff of revolutions…..
Yeah, one of my best friends just got the ‘cane at Merrill.
Fuckers.
I told him I hoped he grabbed a rug on his way out.
_____________
F@ck ’em.
Positive signs for an upside triangle breakout/trend reversal tomorrow:
1. The SPY was the # 1 equity today in inbound Money Flow (buying on weakness).
Article:http://online.wsj.com/article/SB123265992540807563.html?mod=yahoo_hs&ru=yahoo
2. Ten year support is at about 80. So far, we have not breached this for longer than a day or two.
3. The latest candle is a Doji, suggesting an imminent reversal.
4. Volume is indecisive, suggesting a possible trend reversal.
5. RSI is uptrending, from extreme lows.
On the negative side, we have rising unemployment, declining new home starts (at historic lows), and a downright cataclysmic retail real estate situation (who’s going to rent all that Circuit City real estate???). There is no reason to suspect that any upside reversal today will be the beginning of a long term uptrend. My bet is on a short term uptrend, fueled on downright decent tech earnings (AAPL, GOOG, RIMM) and Obama administration policies. Again, tomorrow’s close should be above the triangle in order to confirm the start of a short term uptrend.
Conversely, if tomorrow does not close in positive territory, a failure below $80.00 to the downside would present an excellent shorting opportunity.
ChartAddict, can you drop PPT on canadian financials somewhere on your board? BMO, RY, BNS, CM, TD on TSX… Thanks.
tmob – I will search the PPT tonight.
Spaniard – Seems 50/50 to me. Whatever happens, happens. I’m flexible for both sides.
BMO Historical Scores
No. Date Rank – Daily Close Technicals Fundamentals Hybrid Score Hybrid Change
1 2009-01-22 1893 24.04 1.31 3.60 2.27 (Sell) -8.47%
2 2009-01-21 2141 25.06 1.68 3.60 2.48 (Sell) 9.25%
3 2009-01-20 1747 23.92 1.31 3.60 2.27 (Sell) -8.10%
4 2009-01-16 2168 26.00 1.66 3.60 2.47 (Sell) 2.92%
5 2009-01-15 25.97 1.54 3.60 2.40 (Sell) 3.45%
6 2009-01-14 1629 26.16 1.39 3.60 2.32 (Sell) 8.41%
7 2009-01-13 2267 27.23 1.09 3.60 2.14 (Sell) -2.73%
8 2009-01-12 1867 26.95 1.19 3.60 2.20 (Sell) 4.27%
9 2009-01-09 2299 28.26 1.04 3.60 2.11 (Sell) -15.94%
10 2009-01-08 1638 28.77 1.72 3.60 2.51 (Sell) 1.62%
11 2009-01-07 1553 28.33 1.66 3.60 2.47 (Sell) -14.53%
12 2009-01-06 1357 29.28 2.38 3.60 2.89 (Sell) 2.12%
13 2009-01-05 1534 27.49 2.28 3.60 2.83 (Sell) 1.43%
14 2009-01-02 1973 26.39 2.20 3.60 2.79 (Sell) -4.12%
15 2008-12-31 1470 25.69 2.22 3.85 2.91 (Sell) 11.07%
16 2008-12-30 25.30 2.03 3.43 2.62 (Sell) -1.50%
17 2008-12-29 25.08 2.11 3.43 2.66 (Sell) 19.82%
18 2008-12-26 1563 24.63 1.35 3.43 2.22 (Sell) 0.00%
19 2008-12-24 1811 24.52 1.60 3.43 2.37 (Sell) 5.33%
20 2008-12-23 2266 24.65 1.40 3.43 2.25 (Sell) -3.43%
RY Historical Scores
%No. Date Rank – Daily Close Technicals Fundamentals Hybrid Score Hybrid Change
1 2009-01-22 1826 23.86 1.31 3.70 2.31 (Sell) -8.33%
2 2009-01-21 2053 25.35 1.68 3.70 2.52 (Sell) 9.09%
3 2009-01-20 1606 23.88 1.31 3.70 2.31 (Sell) -7.97%
4 2009-01-16 2093 26.49 1.66 3.70 2.51 (Sell) 13.57%
5 2009-01-15 26.77 1.14 3.70 2.21 (Sell) 4.25%
6 2009-01-14 1829 27.29 0.99 3.70 2.12 (Sell) -2.75%
7 2009-01-13 2200 28.82 1.09 3.70 2.18 (Sell) 2.83%
8 2009-01-12 2085 28.99 0.99 3.70 2.12 (Sell) -1.40%
9 2009-01-09 2199 30.44 1.04 3.70 2.15 (Sell) -16.67%
10 2009-01-08 1436 31.27 1.77 3.70 2.58 (Sell) 13.16%
11 2009-01-07 2039 30.50 1.26 3.70 2.28 (Sell) -22.97%
12 2009-01-06 1212 31.60 2.43 3.70 2.96 (Sell) 3.14%
13 2009-01-05 1446 30.66 2.28 3.70 2.87 (Sell) 1.41%
14 2009-01-02 1832 29.87 2.20 3.70 2.83 (Sell) -0.35%
15 2008-12-31 1650 29.20 2.22 3.70 2.84 (Sell) 6.77%
16 2008-12-30 28.61 2.03 3.52 2.66 (Sell) 10.37%
17 2008-12-29 28.05 1.61 3.52 2.41 (Sell) 13.68%
18 2008-12-26 1774 27.77 1.10 3.52 2.12 (Sell) 0.00%
19 2008-12-24 2072 27.71 1.35 3.52 2.26 (Sell) -1.31%
20 2008-12-23 2142 27.91 1.40 3.52 2.29 (Sell) -2.14%
BNS Historical Scores
No. Date Rank – Daily Close Technicals Fundamentals Hybrid Score Hybrid Change – Daily
1 2009-01-22 1277 22.34 1.31 4.20 2.52 (Sell) -7.69%
2 2009-01-21 1586 23.64 1.68 4.20 2.73 (Sell) -0.73%
3 2009-01-20 421 22.47 1.71 4.20 2.75 (Sell) 1.10%
4 2009-01-16 1633 24.45 1.66 4.20 2.72 (Sell) 2.64%
5 2009-01-15 24.79 1.54 4.20 2.65 (Sell) 3.11%
6 2009-01-14 915 24.47 1.39 4.20 2.57 (Sell) -1.91%
7 2009-01-13 1100 25.90 1.49 4.20 2.62 (Sell) 6.94%
8 2009-01-12 1238 25.75 1.19 4.20 2.45 (Sell) -1.21%
9 2009-01-09 1436 27.80 1.24 4.20 2.48 (Sell) -10.14%
10 2009-01-08 883 28.37 1.72 4.20 2.76 (Sell) 5.75%
11 2009-01-07 1158 28.14 1.46 4.20 2.61 (Sell) -13.58%
12 2009-01-06 1081 28.44 2.18 4.20 3.02 (Buy) -1.95%
13 2009-01-05 1002 27.66 2.28 4.20 3.08 (Buy) 1.32%
14 2009-01-02 1389 27.29 2.20 4.20 3.04 (Buy) -3.80%
15 2008-12-31 924 26.81 2.22 4.45 3.16 (Buy) 10.10%
16 2008-12-30 26.19 2.03 4.02 2.87 (Sell) -1.37%
17 2008-12-29 25.25 2.11 4.02 2.91 (Sell) 24.89%
18 2008-12-26 1321 24.45 1.10 4.02 2.33 (Sell) -11.07%
19 2008-12-24 213 24.41 2.35 4.02 3.05 (Buy) 15.09%
20 2008-12-23 1319 24.34 1.65 4.02 2.65 (Sell) -1.85%
CM Historical Scores
No. Date Rank – Daily Close Technicals Fundamentals Hybrid Score Hybrid Change – Daily
1 2009-01-22 2406 34.42 1.11 3.30 2.03 (Sell) -9.78%
2 2009-01-21 2599 36.45 1.48 3.30 2.25 (Sell) 17.19%
3 2009-01-20 2555 34.34 0.91 3.30 1.92 (Strong Sell) -11.52%
4 2009-01-16 2763 38.45 1.46 3.15 2.17 (Sell) 3.33%
5 2009-01-15 38.79 1.34 3.15 2.10 (Sell) 4.48%
6 2009-01-14 2359 39.06 1.19 3.15 2.01 (Sell) -2.90%
7 2009-01-13 2436 41.32 1.29 3.15 2.07 (Sell) 2.99%
8 2009-01-12 2360 41.60 1.19 3.15 2.01 (Sell) 4.69%
9 2009-01-09 2753 44.18 1.04 3.15 1.92 (Strong Sell) -6.80%
10 2009-01-08 2675 45.80 1.27 3.15 2.06 (Sell) 0.49%
11 2009-01-07 2590 45.17 1.26 3.15 2.05 (Sell) -24.91%
12 2009-01-06 1800 46.64 2.43 3.15 2.73 (Sell) 3.41%
13 2009-01-05 2038 44.16 2.28 3.15 2.64 (Sell) 1.54%
14 2009-01-02 2460 42.44 2.20 3.15 2.60 (Sell) -0.38%
15 2008-12-31 2207 41.75 2.22 3.15 2.61 (Sell) 7.41%
16 2008-12-30 40.77 2.03 2.98 2.43 (Sell) 11.47%
17 2008-12-29 40.34 1.61 2.98 2.18 (Sell) 28.24%
18 2008-12-26 2869 38.74 1.10 2.53 1.70 (Strong Sell) 0.00%
19 2008-12-24 2993 39.11 1.35 2.53 1.84 (Strong Sell) -1.60%
20 2008-12-23 3034 39.64 1.40 2.53 1.87 (Strong Sell) -13.82%
TD Historical Scores
No. Date Rank – Daily Close Technicals Fundamentals Hybrid Score Hybrid Change – Daily
1 2009-01-22 1910 31.59 1.31 3.60 2.27 (Sell) -12.69%
2 2009-01-21 1895 32.91 1.88 3.60 2.60 (Sell) 8.79%
3 2009-01-20 1401 31.19 1.51 3.60 2.39 (Sell) -3.24%
4 2009-01-16 2175 35.09 1.66 3.60 2.47 (Sell) 2.92%
5 2009-01-15 35.16 1.54 3.60 2.40 (Sell) 3.45%
6 2009-01-14 1648 35.06 1.39 3.60 2.32 (Sell) 2.65%
7 2009-01-13 2005 37.13 1.29 3.60 2.26 (Sell) 2.73%
8 2009-01-12 1886 37.02 1.19 3.60 2.20 (Sell) -7.17%
9 2009-01-09 1697 38.64 1.49 3.60 2.37 (Sell) -11.57%
10 2009-01-08 796 39.45 2.02 3.60 2.68 (Sell) 13.56%
11 2009-01-07 1849 38.05 1.46 3.60 2.36 (Sell) -18.34%
12 2009-01-06 1376 39.08 2.38 3.60 2.89 (Sell) 2.12%
13 2009-01-05 1547 38.03 2.28 3.60 2.83 (Sell) 1.43%
14 2009-01-02 1941 36.16 2.20 3.60 2.79 (Sell) -0.36%
15 2008-12-31 1759 35.37 2.22 3.60 2.80 (Sell) 6.87%
16 2008-12-30 34.40 2.03 3.42 2.62 (Sell) 29.06%
17 2008-12-29 33.05 1.11 3.32 2.03 (Sell) 0.00%
18 2008-12-26 2017 32.30 1.10 3.32 2.03 (Sell) 0.00%
19 2008-12-24 2303 32.73 1.35 3.32 2.17 (Sell) -1.36%
20 2008-12-23 2369 32.57 1.40 3.32 2.20 (Sell) -24.40%
No, TSX.