The financials continue to be among the weakest sectors in this market, and I will continue looking to the sector to the short side as the market remains weak. For today's Play of the Day, I will be shorting General Electric Company (GE) around $19.50 to $19.75 with a short term target to $18.09 (roughly around the 200-day MA) or it could get to $17.64 (which is 50 day on weekly).
My stop...
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