Western Alliance (WAL) is a holding company for other banks and its chart is breaking out on the topside. We recently recommended JP Morgan (JPM) and Bank of America (BAC) so a positive-looking chart for WAL should not be a big surprise.




Western Alliance (WAL) is a holding company for other banks and its chart is breaking out on the topside. We recently recommended JP Morgan (JPM) and Bank of America (BAC) so a positive-looking chart for WAL should not be a big surprise.
If you're a short-term trader, try to identify which way the market is trying to auction.
Keep in mind that this is not a buy-and-hold recommendation but rather a path to producing modest gains over the next few weeks.
For now, this is a bear market, and strength cannot be trusted.
This week's earnings focus will be on the retailers with rivals such as Walmart and Target, as well as Home Depot and Lowe's reporting.
China's government is more concerned about stopping the spread of Covid-19 than spurring the economy back to life.
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