Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Wells Fargo Struggles Despite Market Rally

|Includes: Wells Fargo & Company (WFC)

 Wells Fargo & Co.(NYSE:WFC) is struggling this morning to catch a meaningful bid higher despite the large stock market advance. This tells us that Wells Fargo stock is weak relative to the major stock indexes. Scalp traders can watch the $31.40 area as intra-day support and a likely bounce level for the stock.

Nicholas Santiago