Got some nice divergence, there is a ton of short interest that was opened recently and the long end of the yield curve looks like it is going to start trending up.
Banks are oversold and inflation is coming and will likely stick for a while. This should pull up banks. This will also increase trading volume for the banks. Should see commodities / financial stocks increase over the next couple months.
Will cancel this trade if price closes below 12.91
Banks are oversold and inflation is coming and will likely stick for a while. This should pull up banks. This will also increase trading volume for the banks. Should see commodities / financial stocks increase over the next couple months.
Will cancel this trade if price closes below 12.91
Comment:
Just been moving up slowly. Next week should be very good for DB. Volume picked up on a Friday and we closed above the 13.16 for a second day in a row after wicking down to it. Very bullish
Comment:
10 year is going higher and since like 50% of their income is IOR, this is going to bring the value up