Today I'm going to be looking at the banking sector and the three big banks. Forget their recent earnings announcements and their history – look at the market action, it's telling a whole different story.
The stocks I will be looking at are JPMorgan Chase & Co. (NYSE:JPM), The Goldman Sachs Group, Inc. (NYSE:GS) and Bank of America Corporation (NYSE:BAC). I will be looking at each of these stocks individually and showing you a pattern that has proven to be very profitable in the past. Each of these stocks potentially could go a lot lower in Q4 and you should know why.
In addition to the bank stocks, I will also take another look at Netflix.com, Inc. (NASDAQ:NFLX) after yesterday's disappointment and see what you should be doing in that stock right now.
Gold and the Euro have been on the move to the upside. I will be looking at those markets as well as crude oil and all of the major indices.
Stay strong and disciplined.
Every success with MarketClub,