freefall51

FAS and FAZ: A Short-Seller's Dream?

I noticed on Friday that FAZ was slightly up while BAC was up big time and WFC was somewhat up. FAZ holding the line does not make sense unless some market participants believe the financials are done soon. BAC is approaching a double top on small volume after the debatable stress test run up on high volume.

Q: So, what is the immediate catalyst for BAC to move higher up?

A: I dont see any.

If BAC does not exceed the recent top next week that could be the signal that financials have run out of steam. Then FAZ is the place to be.