Yesterday the broader markets all bounced off their lows into the close. However, financials did not. There was no rally... there was no short covering squeeze into the close. This is a sign of weakness and follow thru selling is likely.
The Financial Ninja is a collection of my thoughts and opinions about current economic and market conditions. These are not buy and sell recommendations. Use your head and do your own research. This is a forum to stimulate discussion and debate.
I started trading during the tech bubble when I was still in high school. My trading has financed my education and I have since completed a BA in Economics and an MBA with a concentration in Finance. I have worked as both a proprietary equity and fixed income derivatives trader.