Monday, June 18, 2012

Mid Day Update - (FB) Holding solid gains

(FB) Well above 30, good relative strength most of the day, suspect to check $32.90 daily fib target this week.
(GRPN) Very strong on a MS upgrade
(P) stronger than the market mid day
(BAC) (GS) (C) (JPM) Great relative weakness in the banks today - suspect to recheck lows before the end of day

Disclosure: Short (BAC) 2 1/2 tier

Thanks for checking and have a great week trading - Feel free to contact me regarding trading services, education and access to my daily online broadcast.

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