I have been playing with the RENKO indicator, past signals no guarantee of future but this looks promising.Any good system our goal is to get into sweet spot of rally, not to guess at tops or bottoms, but once trend is ESTABLISHED, leave your hat at door.....ride the sweet spot.
Duratek
4 comments:
Impressive.
Always looking for additional TA but always looking in rear view mirror.
VIX could be key as well if and when it reverse downtrend.
I wouldn't be adding to any NEW Longs here, if stops in place longs don't seem to worry too much....if stops in place
from ino.com (banks are now TRADING DESKS)
BofA earns $2.83 billion in Q1 on strong trading
6 minutes ago
Bank of America says it earned $2.83 billion during the first quarter as strong trading revenue helped the bank offset continuing losses on consumer loans. Charlotte, N.C.-based Bank of America earned 28 per share after paying preferred dividends. A year ago, it earned $2.81 billion, or 44 cents per share. Analysts expected profit of 9 cents per share in the most recent quarter, according to Thomson Reuters.
AP Top Financial News At 7:13 a.m. EDT
6 minutes ago
GE 1Q earns down 30 pct, but beats view
Bank of America says it earned $2.83 billion trading.
That's one major problem in the financial system. A bank that does not lend and produces nothing but trading profits. Trading is a zero sum game; I wonder who the losers were in this scam.
Until the Glass Steagal act is put back in place expect more banking disasters.
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