Monday, March 11, 2013

Bank of America Says Sell Your Bank Stocks as JP Morgan Breaks Multi-year Resistance (BAC; C; JPM; WFC)

We haven't been chattering about these since December's "Bank of America Cleared Resistance in Dramatic Fashion (BAC" and January's "Chartology: Financials--Holy Crap! (XLF; BAC; C; GS; JPM)" here's Kimble Charting Solutions:


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And from Business Insider:
BofA: Time To Sell Your Bank Stocks

kbw banks index
Bloomberg, BofA Merrill Lynch Global Research, Business Insider

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JPM $50.58; XLF $18.36; BKX $57.10

So long the House of Morgan against GS; MS and Northern Rock?
(just wanted to see if anyone's paying attention)