Financial Select Sector Buy or Sell

DATE: 27 Temmuz 2013
COMMENT: NO COMMENT

The new FDIC leverage rule for banks is reportedly going to be 5%, reports CNBC, well-above Basel’s 3% requirement, but below the 6% floated over the past few weeks. Once the rule is proposed, it is then put out for comment and regulators might later adjust as necessary. The new requirement is expected to be a noneventfor the banks – many of which are already at that level and others which shouldn’t have a problem tweaking things to get there.

 

JP Morgan Trading strategy:

Weekly(9-12 Jul)

Buy Limit $54.2 Stop $53.45 Target $55.9

 

Wells-Fargo Trading strategy:
Weekly(9-12 Jul)
Buy limit $42.5 Stop $42.05 Target $43.9

 

Goldman Sachs Trading strategy:

Weekly(9-12 Jul)
Buy Limit $151.9 Stop $151.1 Target $158.6

Monthly (Jul-Agu)
Sell Limit $160.2 Stop $162.2 Target $128

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