What I'm Watching Into the Close
The action is all over the place today, which is no fun when you are trying to fight off a summer head cold. It has led me to do little. I am also traveling to Seattle on Monday, so I'd rather not have a lot of positions to clean up on Monday morning. Monday morning's action will be a lot of cleanup from exercises over the weekend, so the close may be key. I think we can see an extension of the closing direction on Monday -- assuming we don't close flat, that is.
Does Bank of America (BAC) get a quick $0.15 or $0.20 flush if it breaks below $10? If that happens today, I would buy it, as I expect shares to close within a few pennies of the $10 level, if not on it. I'll set a limit order for the $9.80-to-$9.85 area just in case we see a little afternoon selloff. The chart looks terrible, so this isn't one I would look to hold past the close....261 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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