Where to Next for BAC, XLF, and 10-Year YIELD?
My technical work on the banks, Bank of America Corporation (BAC), for instance, argues that the stock remains vulnerable to another loop lower, at least to test the March 27 low at 22.16, and possibly a press closer to 20.00, especially if 10-year YIELD (lower chart) continues to press lower-- and breaks 2.30%...