Commodity Prices

Gold •666 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,987.70	-6.90	-0.35%
WTI Crude •11 mins	105.04	-0.03	-0.03%
Gasoline •11 mins	3.772	+0.030	+0.81%
Ethanol •666 days	2.161	+0.000	+0.00%
Silver •666 days	30.82	+1.16	+3.92%

Silver • 666 days	30.82	+1.16	+3.92%
Copper • 666 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	114.01	-4.02	-3.41%
Natural Gas • 11 mins	2.779	+0.012	+0.43%
Heating Oil • 21 mins	4.138	-0.060	-1.44%

Headlines

1,051 days Will The ECB Continue To Hike Rates?
1,051 days Forbes: Aramco Remains Largest Company In The Middle East
1,053 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,453 days Could Crypto Overtake Traditional Investment?
1,457 days Americans Still Quitting Jobs At Record Pace
1,459 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,462 days Is The Dollar Too Strong?
1,463 days Big Tech Disappoints Investors on Earnings Calls
1,464 days Fear And Celebration On Twitter as Musk Takes The Reins
1,465 days China Is Quietly Trying To Distance Itself From Russia
1,466 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,469 days Crypto Investors Won Big In 2021
1,470 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,470 days Food Prices Are Skyrocketing As Putin’s War Persists
1,473 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,473 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,476 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,477 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,477 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,479 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

More Info

Contact Author

Bank of America, Trend Is Still Full Steam Ahead

By - Apr 17, 2012, 1:57 PM CDT

It is not hard to find bearish fundamentals for Bank Of America (BAC), yet this stock has doubled in a few short months as it represents the degree of control the central planners have on the stock market. If BAC is up then central planners are in control. It is time to review BAC's trend.

The charts below show that Bank of America (BAC) is a buy, the last serious down day was related to Spain CDS scare. With the French elections this week one has to wonder if that could shake BAC lower. Maybe that is why when the SP500 moved up 2% today, BAC did not budge much (a laggard).

The status at the moment is the BAC is in a strong Gann Angle trend of 1x2 (two units of price for one unit of time) and its no slowed down yet. Plus cycle's show that the next push up is due very soon.

Gann Chart..

Gann Chart