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lundi 14 septembre 2009

BANKS ON THE DOWN SIDE

Hope you took profits on your US banks as i expect a bad day for most us banks today.

If you want to get back in some of them, be patient :

FITB wait for a 9.05 to 9,25. Good place to put a buy order
RF wait for 5,15$ to 5,25$
BPOP could hit a 1,99$ intraday low

If you are in HBAN be very careful as this one has been trading sideways for a long period of time and could be set for a good drop.

Regarding the new stocks mentionned this week-end, UUU could hit close to 1,99$ and this would be a great buy signal and for FIU it should continue his up trend today.

Not too many things otherwise: be carefull as we are still expecting a 6-8% correction and pay attention to a W formation between today and tomorrow. Unless market goes over closing of friday STAY AWAY at this moment.

It will be interesting to watch LVS try to push the 17,30 barrier and if it does, wait for the dip and then buy.

Have a good day and a good show !

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