Financials? $XLF $FAS $JPM $BAC $GS

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.




Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

More Posts by UPB: View All | Private Twitter Feed: Access Now! (For Diamond Members)

Leave a Reply