BKX Bank Index Still Weak

Worth pointing out here again is the BKX bank index.  It remains looking weak and is very close to slip out of this latest bear flag pattern.  A close above 48 would cause us to look on the long side.

Goldman Sachs (GS) Close Below $151.50 Is Interesting

Yesterday's low in GS was at $151.50, where it bounced quite hard.  Should we get a close below that level today I will consider a bucket 2 short side stab.  In the chat-room this morning we are discussing this in great detail. http://steadytrader.wpengine.com/members-area/  

Financials Outperforming So Far Today…Setting Up For A Trade

The finnies are outperforming today in a relativ basis.  Simply put as of right now the SPY is down 0.33% while the XLF (financials) is up 0.33%. As I watched JPMorgan (JPM) and Bank of America (BAC) trade over the past few days I couldn't help but start to feel more and more constructive on […]

Get Serge’s Daily Trading Tips

Subscribe now and get clear, actionable, and relevant trade ideas!

By giving your contact info you agree to receive future emails from The Steady Trader including educational and promotional content. By providing your mobile phone number and clicking on the above “Subscribe” button, you agree to receive automated promotional messages from us via SMS. By opting into our SMS Program, you agree to our Terms and Conditions and Privacy Policy.