A few weeks ago, I speculated that B of A would head to over $10 before it was a good short. Well, it's well over $10 now, and I'm shorting it today. I know everyone is ga-ga over Goldman Sucks and knows they'll have blow-out earnings and knows they'll push the market higher. But I'm a chartist. And B of A looks like a sell to me.
I will just say here how delighted I am to have gone into USO earlier today, in spite of my energy bearishness. That has worked out well, and commodities overall seem to be shaping up for a great push higher.
