I going to keep BAC below 6.00 this week going into option expiration.
That's why BAC didn't go up today.. as it get closer to option expiration.. they might tank it below 5.00
Just wait for Jobless Claims report on Thursday... and the Leading Indicators... The index of leading economic indicators rose 0.4 percent in January reflecting a huge jump in money supply as the Fed and Treasury have been injecting massive amounts of funds into the banking system to provide relief to credit markets. Without money supply, the leading index would have slipped 1 tenth in the latest month. Also, the spread between the 10-year Treasury note and fed funds rate widened, adding to the leading index. But instead of the wider spread being due to a drop in the fed funds rate, it was because of a rise in the Treasury note! In real life, this is a negative.
This should make us all happy!!!!