Bank of America (BAC) has been holding up well compered to the overall market and the financial sector in general. It is important to pay attention to the leaders in sectors that are under pressure and focus on those stocks to trade when a bottom is reached in the market. $17 is a key resistance level that I am watching and that needs to be overcome for BAC to resume its ascent.
BAC Daily Chart
About Stock Trade Journal
The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders.
This blog is also a way to share my experiences and observations in the market.
