Here are a couple of less well-known banks that are looking extremely toppy.
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This stocks have several things in common. They all had big tumbles during the financial crisis. They all have roared higher for most of 2023. And they all are just beneath massive overhead supply.
In my newly-lean portfolio of a mere 8 positions (2 ETFs, 6 stocks, all based on long puts) one of the newer ones is Bank of America (BAC). I don’t tend to use indicators in my analysis, but in this instance, I’ve provided some interesting selections with BAC in the captions below: