Bank of America Corp (BAC)

[YazM]

This thing is crazy man. I shorted right before Brexit and make a killing. Then shorted again on Monday at the end of day and got burned on Tuesday. I did not expect the market to rally so quickly and so abruptly. I thought it would take at least this week to recoup its losses but it made it back within 2-3 days which is astonishing. The whole market is almost to where it was before Brexit even happened but I do expect a slight pullback soon. As for BAC the PPS was at $14 prior to Brexit and its trying to hold above $13 now; I think there is still correction that needs to take place in the charts and until that happens it seems manipulated by emotion and large holders. It was following the Oil charts for awhile and changed the course as of the last day or two so it's almost acting independently now which is why I don't hold it long. I wouldn't hold this unless your LT. I day trade so I'm in and out within seconds, minutes, or possibly hold till next day depending on performance.