BAC

This may be a key turnover day for all markets. Specifically, the EURO, DOW, and CRUDE are now registering "NO CONFIDENCE" on the previous DOWNTREND signal and really only has to hold in this range to turn the signals. Price to look out for on the EURO is 1.2745 and the DOW is 10149.71.

Whether it’s soaring or slumping — and it often does both during the course of a week — the financial sector never falls far from investors’ radar.

That’s not news, of course. But what you might not know is that there are many ways to trade this sector, none of which involves buying or selling a single stock but, rather, making a single play on the industry as a whole.

Is the value of Bank of America becoming irresistible? My analysis takes a look at it.

EURO(FX) and DOW in COUNTERTREND move

As I posted 2 days ago on TRADERPLANET, the COUNTERTREND MOVE is in effect in the EURO(FX), DOW, CRUDE OIL and by the way Bank of America and the NIKKEI(225) has been pretty negative through this last up move by the Dow
http://www.thedowinlivingcolor.com

The Bank of America, the largest bank holding company in the US in terms of assets, or the BAC in the New York Stock Exchange reported that its second quarter net earnings had slipped by 3% to $3.12 billion from $3.22 billion in the same leg the year before. Still, the company managed to hike its consumer loan business which caused its quarter-over-quarter net income to expand by 15%.

The question is which way does the stock go? Unlike penny stocks, large caps like GS are much more sensitive to earnings. As we all know many hot penny stocks have provided huge returns with extremely negative earnings.

Dillard’s, Inc. (NYSE: DDS) announced, excluding items, $0.70 earnings per share, compared to $0.10 per share last year. analysts average $0.51. DDS beats by $0.19.

Net income for the 13 weeks ended May 1, 2010 was $48.8 million compared to net income for the 13 weeks ended May 2, 2009 were $7.7 million.

Machines attacked the Dow and sank the stock markets today.

There's no other explanation for what happened on the U.S. exchanges. Only machine trading could shave almost 1,000 points from the Dow in less time than the typical hard-working American takes for lunch.

Here are a few stock charts that I feel could make some nice moves within the very short term. Lets see what happens. Remember to keep stops tight.

In a week where I had already been calling GS "Goldman-Madoff" and I had predicted on Wednesday that the rally would last "until they start arresting people" and we featured the above video on Thursday afternoon to illustrate what a crooked scam the financial marketplace had become that it finally hit the fan on Friday morning when even the WSJ could no longer ignore the evidence that myself and a

Our review of 28 stock trades made during the week with 22 winners and 6 losers - not bad for a choppy market!

It’s that time of year again. Time to revisit my 4 stock picks for 2010, see where they stand now, and where the combined return ranks among other competing bloggers.

After posting a lofty 70% return in 2009, I have to admit the pressure was on to try and match those results in 2010, especially considering how easy it was to make money in the rebounding market of 2009.

Lender Processing Services is riding the historic wave of mortgage defaults, and with continuing high rates of late mortgages and a building backlog of foreclosures, business looks good for 2010 as well. But there are some real risks to consider before investing.

Here are a couple charts from some of the stocks I’ve mentioned over the past couple of weeks. Especially in this market, remember to keep your stops tight, as all it takes is a bad sentence to bring the market down.

I tweeted this stock chart of Bank of America (BAC) the other day. Since peaking out around $18, the bank has been retreating lower inch by inch and formulating a nice wedge pattern.