Charts - $aapl

Some support at current level. More near 105-106. Heavy support in the mid 90s.

Charts - $bac

A move to 15 seems likely.

A move between 16-17 would be logical given the increase in tangible book value.

But of course, this would mean the 10yr yield correlation breaks or the yield rises and bac follows.

Market Thought... Now vs 1yr ago

The market is flat.

Oil and gasoline were alot higher. (But as supply reduces, prices should start approaching last year prices.)

Although oil is alot lower compared to last year, junk bonds have recovered. 

A lot of global bonds have turned negative. Those pressures appear to be pushing the 10yr yield as well. Although surprisingly, the yield was near current levels a year ago. (Yet bac was at 15 a year ago.)

The lack of credit spreads should cause bank profit pressures. The firming of oil prices should mitigate default risks, and as oil rises the majors that cut cap ex should see the profit benefit.  

Economic points of concern: the volume of transported goods. 2016 is still a lower year for rail frieght traffic.

While the BDI has recovered from early year lows, its still lower compared to a year ago.

$bac and the ten year

If the bac / tnx yield correlation means anything, bac may be testing 12 again.

BAC should not be below 15-16, yet the pattern exists.

How I plan on playing it: as bac approaches 12, will go heavy in the money options, while also playing long dated out of money options.

Charts - $amzn

Looking to pick back up near 580.

Charts - $bac

With a break out, its quickly going to 15. Belong in the high teens.

Notes on $trxc cc - nice info

1. Explained the lack of sales from ALF-X. 

- clinical trials and the previous company had no sales force infrastructure 

2. Elaborated on the ATM

-Basically will use it when they need to

3. Financing

-will need more by early 207

4. EU public hospitals 

-purchases are made through a tender / bidding process. Requires the products to be compared prior to purchase.

5. Hosting events for private hospitals with robots in place

-seems like a continuous and consistent communication with reps 

6. Built out sales force and still hiring

Good stuff.