Hope for Bears in WFC Chart

If the bears have any hope from seeing us race to new highs, it is likely in the earnings season starting with Wells Fargo (WFC) and JPMorgan (JPM).

There was a big buyer of JPM puts just the other day, but I see more hope for the bears in the WFC chart. This has a bit of a megaphone pattern currently on the chart. These tend to be bearish, although it is tough in this market to call anything bearish. For this earnings season, I am just focused on price rather than other indicators. In this market, price has been the only component which has held up well....282 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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