Bank of America Corp. (NYSE:BAC) -- Bi-Monthly Update
I just completed my weekly study of all my High Profile Financial / Major Regional Banks. This is a study that is fun because I have dislike what Banks represent in today's economic world. I have spent a great deal of time and have much experience in the study of Banking Companies like (BAC).
My objective is to identify changing trends for my Forecasting Analytics. Simple stated, I want to have current notes to quickly refer to on the anticipated direction of this Sector and Industry Group.
This Bi-Monthly Commentary on - Bank of America Corp. (BAC) - covers all of my Indicators, both Fundamentally for Valuations and Technically for Momentum. There is much to cover to provide my best possible Forecast and Opinion.
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Forecast & Opinion from my Study / Analytics:
Bank of America Corp. and other Financial / Banking Sector Companies are tracking well. (BAC) has been in Up-Trend since my positive Forecast of late 2011 it is always an excellent contributor to my Analytics.
My Forecast is not as bright as you may think! (I will be more specific upon request).
If you own or are considering owning Banking Companies, the securities becoming suspect for a Pull-BAck. Bank of America Corp. is currently strong Technically but I have reservations about my Fundamental Valuation, there I have placed it on an Initial Bearish Forecast - "Warning."
My Analytics (weighting) for my Fundamental Valuation play a vital role in profitable managing money. At this time my Valuations of (BAC) are not as positive at perhaps you are being told by other sources. Plainly stated they are improving but not very impressive. Alternate and similar Companies are showing much better Fundamentals.
My Opinion is to HOLD in anticipation of taking profits.
Fundamentally: My Analytics (weighting) for my Fundamental Valuation play a vital role in profitable managing money. At this time my Valuations of (BAC) are not as positive at perhaps you are being told by other sources. Plainly stated they are notably Descending again. This does not make for a positive fundamental valuation of any Company.
Technically: Even with this fine Company, my Indicators are notably breaking down. It is only currently slightly off its highs of $15 selling for $15. The next General Market rally is in place and that will tell a compelling story as to the future direction of the price of (BAC).
I will personally and promptly reply to any serious investor's inquiry as to my very cautious position for (BAC) !
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A Twenty Year Perspective of Bank of America Corp. (BAC)
It has NOT always been like you are being told by so many who do not take the time to "Investing Wisely" and doing their homework well. Bank of America Corp. (BAC) has taken some big hits over the years.
URL for (20-years of -(BAC): http://stockcharts.com/h-sc/ui?s=BAC&p=W&yr=20&mn=0&dy=0&id=p11575107468&a=300758176
A Rather Unique Chart / Graphic on (BAC):
URL for this representation of - (BAC): http://stockcharts.com/h-sc/ui?s=BAC&p=W&yr=1&mn=6&dy=0&id=p29170374820&a=300738788
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Here are a number of the Component Companies / Peers in the Banking Industry Group that I focus on rather frequently: BAC, C, WFC, JPM, KEY, USB, FITB, BK, STI, BBT, PNC, STT, CMA, NTRS, MTB, BKU.
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