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Pairs Trading Corner With A Focus On Banking (BAC – RF)…

(Bank Of America – Regions Financial ) i have been waiting a while to see our banking pair start to show some signs of weakness and move down toward channel bottom. With the typical range of movement below the 10 SMA of 0.40- to 0.50-, this should be a perfect long entry for the pair. Also, I going to initiate with a 1/2 sized set-up, in order to keep a rein on our inexpensive secondary stock “RF”. If after our entry for the initial layer one, then we may well consider another lower layer two, if the opportunity comes along. Ok, now let’s take a closer look at the specifics down below..

Technically speaking, our pair has excellent correlation 0.96+, and the expected range of travel is about 0.40- to 0.50- below the 10 SMA. The RSI Wilder is weak at 18.02, and will lower as the pair moves down to channel bottom. I have the pair in the pending trades and will feature as “Pair Of The Day” in the next trading day’s edition of “ShadowTraderPro Pairs Trader” posted daily at “MyTrade”.. ; )

Want to know more!, check us out at ShadowTrader.net and go to the pairs archives for viewing and reviewing. As always, catch us at the “Pairs Hour Show” at 4:15 – 5:15 EST every Thursday.

For any questions, or to get our New and Improved! “Starter Kit”, email us at pairstrader@shadowtrader.net and Tom Cook will get back to you with a reply.

The Pairs Hour with Tom “The Southern Gentleman” Cook is happening on Thursdays at 4:15pm EST in the ShadowTrader chatroom on the TOS platform. Most recent show is archived here. We enjoy and encourage everyone to bring your suggestions, comments and questions to us each week during this program.

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