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Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC Capital... More
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  • Bank of America Update  0 comments
    Jun 7, 2011 9:35 AM | about stocks: BAC, C

     Check out how tight the boilinger bands are on the 1 minute chart for BAC. As it is confirmed by the Shiller Index and the most recent housing report from Zillow.com, it seems as though real estate is now in a definitive double dip mode. BAC, one of the largest mortgage writers is facing higher and higher default rates. It will be interesting to see how the largest bank by market cap will try to move around a shrinking balance sheet this time. Look for an intra-day breakout either to the upside or downside to retest 10.94.

    Stocks: BAC, C
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