NYSE:BAC BANK AMER CORP
Banks also continue to look very weak as Bank of America ( BAC ) broke lower out of a lower level consolidation. The gapped down on it's earnings. Now we have point of reference at $14.71, if it will go through previous low of the day I will be considering Short option. Resistance at $14.86 then $15.00, if price will pullback to that area I expect to see some selling. Overall, financial sector shows relative weakness vs broad market and with futeres down we can see some continuation move down in this sector.