Thursday, January 8, 2015

Where Are the Banks?

Big rally in the indexes so far today. Undoubtedly a lot of short covering going on. Yet gold is holding up, so far.

But where are the banks. They are up in price, but I do not see the volume in the rally. Maybe later.
If you look at the price of the banks most of the big ones have gone NOWHERE since last fall. And the regional banks are worse.

I am looking for a rollover in the indexes near the end of the day....

We'll see.

control risk,

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