Bank Of America (BAC) Acting Well Again

After consolidating some over the past week or so, BAC put in a solid hammer on Dec 15 and has been trying to work higher since.  BAC and others like JPM and GS are solidly higher today despite a broader tape that's much more unchanged. 

For my part I've legged into some long dated calls to test the waters and see if this has legs to run into year end.  The $13.60 area looks to be the next significant target for now.  

Watch More:

Leave a Reply

Your email address will not be published. Required fields are marked *