Look at this. The big banks are dropping more than the Financial Bull 3X ETF. This is odd. The big banks are dropping alone, while most of the smaller banks are rising?
Why is the ETF down only 4.55% while all the major banks are down 4.5%. Usually FAS trades almost 3X of BAC, JPM, C. This is because they used to be the FINANCIALS leaders, however today, and yesterday, we can see that they have lost their leadership.
Small financials are not following the big banks lead. This is really quite odd though. Is FAS in for a big trouble soon? I can see my chart for FAS at $18.5 now instead of $19.5.
Good bye FAS? $19.5 I will be buying it.
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