Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 671.93

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Nov 14 4:00 PM EST

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To: GROUND ZERO™ who wrote (40679)	11/20/2012 4:47:27 PM
From: Keith Feral	Read Replies (1) of 218862

I stopped looking at the triple ETF's a long time ago. BAC and FAS generated about the same returns today, so they can't be too much different. Maybe I should buy that one too. As long as BAC is working, the sector is going to work, and FAS should provide some nice upside. Look at the 4 year chart on BAC. Resistance level is going to be around $4 in a couple more weeks. Once it cracks $10, the move from $6 to $10 should give it some upside back to $14. C range from $25 to $40 over the past couple years could push it to $55 next year too. Who knows where that puts JPM. People forget the JPM is still generating more EPS than most of their DOW counterparts. The banks held up very well along with 10 year yields over the past couple of weeks. The relative strength keeps improving. I can't come up with a single reason not to like the banks, especially since everyone is done screaming at them. In fact, they are starting to get some nice upgrades by analysts that have hated the group for the past 4 years. It's impossible to ignore the reality that banks have the highest growth rate of any sector right now.

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