Banks: Do You Remember the Drill?

A slew of bank earnings tomorrow morning, namely BAC JPM WFC, should set the one for markets into the three-day weekend. 

I am staying light here, after this afternoon's upside reversal opens up the possibility for bulls to seize back the short-term initiative. As always, on days like today we like to keep track of the relative strength outperforming stocks for Members. 

It was also interesting to see the XBI outperform, as the smaller biotechs may be ready to stabilize again. 

The big question for buyers of today's market dip is whether, as Val Kilmer's character said in Heat (1995), the banks are worth the risk. 

See you after the bell for my recap.