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Banks have reversed hard UP


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#1 Darris

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Posted 14 May 2020 - 09:41 AM

Maybe Warren is done selling WFC................



#2 gannman

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Posted 14 May 2020 - 01:52 PM

like what i  am seeing with them think they are ready to run


feeling mellow with the yellow metal


#3 andr99

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Posted 14 May 2020 - 02:06 PM

it's just a bounce on support for all of them, it won' t last long as it's the predule to break down of support. On the other hand it's also rotation, one day the nasdaq is strong, the next one it's the banks. Rotation before a big drop, the last drop to create panic......  


forever and only a V-E-N-E-T-K-E-N - langbard


#4 Darris

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Posted 14 May 2020 - 02:09 PM

The day would still seem to be young, LOL, at 3pm, but we are heading into a monthly expiry tomorrow with the NYSE breadth negative and SPX positive.  That has been a pattern of continued up for at least a day.  Could also have a quasi new downtrend print low today but a higher closing low (see Harpa posts for 13 day low probabilities this week).  Folks should be noticing that the broad market is rallying today while the FAAGM-5 are not going nutz to the upside.  Lots of big swings today for sure.



#5 andr99

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Posted 14 May 2020 - 02:30 PM

maybe tomorrow banks up again.....but next week....auf viederseheeeeeeeeeeen. You know the charlatans of fraud street who move and manipulate the markets can cheat the less experienced ones, but it's difficult they can cheat all     


Edited by andr99, 14 May 2020 - 02:31 PM.

forever and only a V-E-N-E-T-K-E-N - langbard