Banks Bullish Post FOMC

By Sang Lucci Uncategorized

By Sang Lucci

The financials had a powerful move upwards this Friday, and the sweepers went for the sector all day:

With Yellen’s announcement that the Fed would be reducing its scheduled hikes from 4 increases to just 2, financial names immediately sold off earlier in the week. But these beaten down stocks could only drop so much more, and bullish flow is starting to tag them all over again on this bounce.

Continuous steam is the first step to see whether or not these names can truly keep moving, so the tape in the banks must be watched going forward. If you want instant alerts to all of the actionable options activity that hits the tape, check out our Private Chat and Twitter Feed. You’ll always be in the know.

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Sang Lucci

Sanglucci.com has been one of the leading trading education resources and communities since it's founding in 2010. Sanglucci.com has trained thousands of traders through its unwavering transparency, singular expertise in Tape Reading and options strategies, and it's game-changing partnership with the infamous Wall St. Jesus.

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