Three Risk Spreads To Watch: The Goldman Sachs Group, Inc. (GS), Bank of America Corporation (BAC), Freeport-McMoRan Copper & Gold Inc. (FCX)
- Posted by DynamicHedge
- on June 30th, 2011
If this rally is going to stick the spreads below need to continue to move higher. $GS and $BAC are deeply oversold financials and $FCX has been a bellwether for the entire year. All three of these stocks should continue to outperform relative to the S&P 500 or we are likely in for another dip.
Financials are working and Tech looks good as previously noted.
Stay glued to these charts:
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DynamicHedge is an equities, futures and derivatives trader based on the West Coast. He runs a long/short opportunistic relative-value strategy within a proprietary trading group. More
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