If I see the game right they will try to run the hated financials after the FED announcement. When a stock is out of favor it usually will turn around for at least a bounce. So, we will exit all short positions on financial stocks except for LEH. But put a stop on LEH at 26.10 above todays high.
On the daily chart for Citigroup you can see that it has come off its March lows and has made a weak W pattern under 20, so we will go long Citi to hedge LEH.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment