Volume reversal on 5/7/09 with 198 million share confirmation on 5/8.
2) Exceptional Relative Strength again all month.
3) Extreme spike in short interest on 3/31/09 and again even higher on 4/30/09.
4) $561 Mill cash raised through Advent J.V. brings ratio way over minimum required by FDIC.
5) 44% of the companies shares traded the first week of April (can you say smart money accumulation).
37) New record weekly accumulation based volume in the week of 4/13 with 57.4% of the outstanding shares changing hands.
38) 5/3rd has emerged as The Sector Leader
39) CNBC goons and analysts guests are bashing the banks in full force. They as a group are always wrong, sometimes by design.
40) When a so called analyst repeats a rating that it did June 2008 and try's to make it look like a downgrade, that is a desperate attempt at manipulation.
41) Sec. Geithner says speaking before the financial bailout package's congressional oversight panel, said most U.S. banks have adequate capital and that there are signals that credit markets are on the mend.
42) CEO Kabat said at the 4/21 shareholders meeting that after the payment processing sale is completed, Fifth Third’s capital position will rank in the top 25 percent of its peers and did a nice job outlining the strong financial position 5/3rd is in.
6) Advent corp is a $23 Billion company and will only take stakes when their due diligence shows the acquired asset is going to be a going concern.
7) Mark to market accounting now revised.
8) The uptick rule will be reinstated.
9) Selloff in all banks was overdone, as witnessed by 300% - 700% moves up off their lows.
10) Tape watching shows the aggressive nature of the buying.
11) WE TOOK OUT MAJOR RESISTANCE FRIDAY MAY 9.
12) Surprise earnings beat in store AGAIN.
13) Huge institutional accumulation.
14) Super bullish chart.
15) Highest close since January on Friday May 8th.
16) We are in a new bull market.
17) Smart money on the buy side, with frequent 7 figure/multimillion dollar transactions.
18) Continuation of the controlled bullish build.
19) Last week's stellar out performance of the sluggish market tells the tale of what's ahead for next week.
20) Criminal analysts put sell on bank so they can buy shares for the next leg up.
21) Study of the tape reveals significant MM accumulation.
23) Study of tape reveals decreasing size on the ask and escalating size being put up on the bid (bullish ratio).
24) Negative sentiment in the sector and overall market was a solid contrary indicator to this advance.
25) Economic indicators are bottoming and in some cases turning slightly higher.
26) Mayo the incompetent analyst who recommended the LEH buy before it collapsed, is almost always wrong, and is a disrespected nobody on the street.
27 Volume reversal logged on 4/14 off of $3.45 low, and again off the 5/7 sucker drop in the last hour.. .
28) The stress test went well and is behind us.
29) Unexpected GS surprise will propel the sector to pre-Obama levels.
30) Record short interest will add fuel to the fire!
31) 5/3rd took out and close above important resistance on 5/8/09
32) The buyers of the 23,000 call options on 4/1/09 for the most part are still holding even though many of those option have tripled.
33) Three weeks ago on March 27th after the close "Cramer the incompetent" downgraded 5/3rd when it stood at $2.35. 5/3rd has never looked back as it traded over 100% higher since that bonehead call. In my experience there is a lot of money to be made when that bonehead speaks by doing the opposite.
22) Unusual call option buying activity at various levels indicates significant buy pressure.