Bank Of America Contradicts Consumer Weakness, Stock Buying On PPI, Important Semiconductor Data

1. BAC's recent breakout attempt failed, indicating a pullback. 2. BAC is currently oversold, with potential for a rally. 3. Bank of America reported strong earnings despite consumer data showing weakness. 4. Cooler PPI data may bolster stock market sentiment positively. 5. BAC is important for its influence on the broader stock market.