Many leading financial companies such as JP Morgan, Goldman Sachs, and Bank of America plunged to new 52 week lows recently. What does it mean and is there a fade trade (bounce) setting up here? Corey Rosenbloom discusses this and the updated levels in the XLF in tonight's video.
Video Length: 00:08:50
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Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA|SIPC|NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.