Filtering by Tag: key
Whipsawy day, tone was poor at the get-go but went positive before lunch and then rallied hard ... not nice to short into ... entries under 12:40, 13:15 and 13:40 bars the "obvious" spots to this old dog ... widest stop 13.97.
I look at that entire recent rally in KEY as a countertrend move which has now come to an end ... I'd like it to give everything back. Look at RF or FITB among other regional banks for confirmation. If the set-up fails, that's also valuable information and will show that the rotation into financials has legs.