Capitulation today in banksAll large bank stocks up after hours.JPM, BAC, C, GS, WFCThe selling is over done, today was capitulation selling
It certainly looked like capitulation selling. At most we have 1 more day of selling before some kind of tradeable relief rally. I still would not hold anything long.
I first bought at $30 small position, then bought 3 times more at $21.95Also picked up STT today down 55% and C at $3.20Banks are now officially over sold. IMO!
Tomorrow might be a 20% bounce in the hole,I don`t think BAC,JPM holders ever thought they`d go this low.