Bank Stocks Rock

09/19/2008 12:00 am EST


Thomas Aspray

, Professional Trader & Analyst


The markets are clearly reacting very positively to the new rescue plan and the spotlight is on the banks. The KBW Banking Index (KBE) dropped into previously identified support at $29-$30 Thursday before closing at $35.83. In pre-opening action, KBE is trading near $44 and right back to the May highs.

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