Futures spiked as this news hit the wire. Citi shares in Japan were up 12-15%. Source: WSJ Taxpayers Could Own Up to 40% of Bank’s
readClick charts to enlarge BKX – Bank Index Chart Banks are on a death march. If there’s some good news brewing, the market is not
readClick charts to enlarge BKX Bank Index Former support level at $25+ is now resistance. Note, there’s no open gap in BKX. XLF XLF has
readI’m short [[FAS]] – triple financials ETF (from $17+ – left that trade running while away). Trying to see where financials will go next. As
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readI’m going away for a couple of weeks to this place: It’s very cold in Toronto. Needless to say after today’s accident in New York
readClick chart to enlarge, all comments and analysis are on the image today If we weren’t in a bear market, I’d be looking to get
readR1 $885.67 S1 $859.59 R2 $901.07 S2 $848.91
read[[DGP]] Short @ $16.90, Jan 6 Covered @ $15.74, Jan 12 P&L: 6.53% No doubt gold is going lower, but I’m clearing out as many
readI covered [[PWE]] yesterday, for a total gain of 0.24%. Would’ve covered for +2.2% but believe it or not, because I posted the trade on
readClick charts to enlarge [[dgp]] — Short @ $16.90 Though RSI(3) indicates that gold is short-term oversold, I’ve highlighted 2 recent occasions when it was
readBought TZA Wrote a covered call on TZA – if called, 11% profit, 22.5% downside protection TZA for a quick trade, bought and sold Shorted
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