While the rest if the banks were shaking-it-off!!, bac was crap. All. Fucking. Day.
But with firming rates, I was expecting bac to start breaching the resistence, and test 17.25. Instead we got selling on higher volume. Almost as if an institution wanted to make the sales obvious.
Hopefully the stress test acts as a catalyst to maintain the longer-term trends. If not, todays action is very suspicious.
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