Bank Stocks and ETFs Encompass 41% Of Today's NYSE Volume
- Wall St ends slightly higher after mixed Fed statements
- Charlie Munger dies at 99
- Barclays raises 2024 S&P 500 price target but warns stocks are 'moving too far, too fast'
- Stocks rise as dollar falls, gold rallies on Fed commentary
- Micron (MU) raises forecast on improved supply/demand balance and pricing
Themis Trading's Joe Saluzzi notes that Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), JP Morgan (NYSE: JPM) and the financial ETFs (NYSE: FAZ), (NYSE: FAS), (NYSE: XLF) represented 41% of the NYSE composite volume today. 3.3 billion out of 8 billion shares traded.
Joe says, "All momentum and day traders", they "Busted the shorts today."
More from Joe at themistrading.com
You May Also Be Interested In
- Futures positioning indicates rally is running out of steam - Citi
- Arvinas Inc. (ARVN) Announces Oversubscribed $350M Share and Warrant Placement at $21.36/sh
- Dow Jones, Nasdaq, S&P 500 weekly preview: Testing key resistance
Create E-mail Alert Related CategoriesInsiders' Blog, Trader Talk
Related EntitiesJPMorgan, Citi
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!