Yesterday's strong rally is confirmed to be just an a-b-c rebound. Not sure if we are going to test the triangle trend line support though. It would be good area for possible ST buy.
Bank of America /Merrill Lynch downgraded Goldman Sachs (GS) and Citigroup (C) today.
When one bank downgrades another, be careful. Some of the information that the BAC analyst might be using comes from the company's own internal operations.
Put another way, the BAC downgrade may be of itself rather than or in addition to its competition.