If This One Goes For The Gold Again, You May Want To Get On Board
Suntrust Banks reported a 4Q net that fell 4.6%. After a gap down, the
stock rallied to make a possible double top. The stock has found resistance in
the gap area. This may be a good area to short.
Lennar’s 4Q profit was up 38%,and the stock may shoot for its
intraday highs again this afternoon.
Capital One rocketed starting at 11:15 and is now trading in a
Slim Jim.
Look to buy for a possible run to intraday highs.
On the E-minis, we’ve hit the 1.0 volatility band and are approaching a crucial
area. We’ll either make a 1,2,3
out of this, or slice right through this level. With the TRIN at 1.30 at this
writing, I’m inclined to lean toward the latter scenario.
Have a good afternoon,
Brice