The weakness in the financials last week felt like the real deal and is quite likely to be a drag on the rest of the tape in the next month or so. They are probably overextended a bit on the downside here but with a bounce over the coming days there will be some good shorts. GM, C, JPM, FNM, COF, and CBH all look like prime candidates.
Check out the chart for C from last week to see what I mean.
No comments:
Post a Comment