Financials are well off their recent record levels. Is it time for them to push to fresh highs?
Here are a few charts:
Currently I own $JPM calls for a trade on a move higher. I also am looking for a trade in $GS calls for a move over $160 this week. $BAC needs to find support, and when it does it will be a nice trade for upside.
Financial ETF's are all showing strong trendline support and prices look poised to move higher.
So yes, I am looking to buy more calls in the financials as they recover from their recent pull backs.
