SLOPolarBear

Bank America Swing Trade

Long
NYSE:BAC   Bank of America
The price breakout on July 29 caught my attention. I decided to wait a couple days to get some confirmation that the price would hold at the new level. Starting on Jul 31, I've been opening positions based on volume and price analysis at or below to 20-DAY EMA, closing positions based on BUYING volume falling below average. At any other time in history, I would be holding my position through this trend, but given the circumstances unfolding around the world, it seems prudent to be in CASH as often as possible. If the financial sector gets the slightest whiff of unpleasantness, I expect to see a high-volume selloff with little notice. You can see how uneasy the market is given how often this stock gaps down from its upper bollinger band.
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