bac over ME now

Im a long but the SHORTS your day is today Get ready for the power house to began and wait for the swings.



*For banking stocks, the afternoon rally was paced by U.S. officials unveiling details of how the Treasury plans to convert preferred shares it holds in banks into common stock. As credit spreads were largely unchanged on the plan's details, stock traders chose to move back into bank shares. Gotta love the net

*The Wall Street Journal reported that Bank of America Corporation is looking to sell a private bank it inherited from Merrill Lynch & Co. as the bank tries to preserve capital and possibly shed noncore assets. The private bank, First Republic Bank, was purchased by Merrill for $1.8 billion in September 2007.

*Stock Preacher Issues Technical Trade Alerts on: BAC, BP, BRK.A, C, COP


Ill be back to update later in the day.


Ill feed you baby birds