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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (111760)9/29/2018 9:17:55 PM
From: GROUND ZERO™  Read Replies (2) | Respond to of 220517
 
I think the banking group sold off because too many traders and investors were betting that group would benefit from higher rates, that trade quickly became way overcrowded so quickly, so it sold off, I'd call it a shakeout...

It's probably a buy, I bought some FAS on Friday on that hunch, clearly no buy signal...

GZ