XLF and BAC In this brief blog we’re going to look at the XLF ETF as well as Bank of America (BAC) for evidence that the broader financials have found some footing after the October bludgeoning most financial stocks endured. Within the Financial Select Sector SPDR ETF (XLF) Bank of America (BAC) represents a weighting […]

Bank of America corporation ticker symbol: BAC short-term Elliott wave analysis suggests that a decline to $27.26 low ended intermediate wave (3). The internals of that decline unfolded in 5 waves impulse structure in lesser degree cycles. Up from there a 3 wave bounce to $29.19 high ended intermediate wave (4) as double three structure. […]

“What goes up must come down.” – Sir Isaac Newton It was widely reported this week that Amazon (AMZN) founder, Jeff Bezos, lost roughly $45 Billion dollars in net worth during the October stock market selloff as shares of AMZN cratered from all-time highs set on 9/4/2018 at $2,050.50/share to the most recent low of […]

After just getting stopped out in CHK for no loss, why are we buying again? I am of the firm belief that if you only traded based on the media drive-by observations of any particular stock you would be hard pressed to know what to do most of the time. For example, how many times […]