As Volumes begin to dry up and Seasonality begins to take hold as Euphoria
morphs quietly into "Fear" the ES will begin a large retracement.
Globex has been another Low Volume affair with the Retail Chasers continuing
to BTD with diminished conviction.
The chart remains in a Bull Trend, with extreme divergences.
We are preparing for a very nasty 10% correction,...
Always excited to find new gems in the making and SILVERGATE Capital is exactly in this category.
Silvergate Bank is the leading provider of innovative financial infrastructure solutions and services to participants in the nascent and expanding digital currency industry. We leverage our technology platform and our management team's expertise to develop...
Financial Technology (FinTech) is revolutionizing the way we transact in our daily lives. The days of paying in cash are far and few between. Say goodbye to those pesky coins. Regardless of blockchain disruption, the future of finance will for certain be digital. So how do you play this industry? You can go through high flyers like Paypal (PYPL) or Square(SQ) but...
FXCM's USBANKS basket is in the bearish area on the daily chart on the left. The basket is an equal weighting (20% each) of JPM, BAC, WFC and C. A bearish cross of the EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase the chances of a successful...
The XLF ETF which tracks the financial sector of the U.S market has been battling to break resistance at $37 and the 50 day moving average. With the push lower in yields, fundamentally this is generally quite negative for banks and financial firms as this substantially decreases their profit margins.
We could potentially retest the bottom of the range at $35.00...
-We need to break fridays highs in order for us to see a continuation. Now as you may know apple has been having some crazy days so watch that break we might even gap up monday
-NOW if we reject oh boy PUTS ALL THE WAY baby that's a steal right there we are literally sitting smack in the middle
-SO there you have it your 2 possible scenarios that can happen...
Upstart needs to stay above $112.85, and cross $128 and then $135. If it can clear $135, $142 and $150 aren't a long way off.
Invalidation level is 105.58....below that level, it wave 4 would have crossed the wave 1 high invalidating this count.
My final target is ~265, but that's still a long way away i believe. The above mentioned levels are the ones to...
Overall technical elements look toppy on US BNKS.
A head and shoulder pattern has emerged and RSI remains sluggish below 50%.
However, we are seeing a mid-term wedge/range develop - with some minor RSI divergences emerging. Short-term bounce risk.
Suggest to sell any rebounds into the zones closer to highlighted resistances in purple.
MACRO => Given the...
Jamie Dimon and his army of minion traders at $JPM are printing the classic bear pattern of a H&S top (green). Measuring that formation, that should put us at a local bottom sometime in October.
From there I would expect the Santa Rally to be our retest of the neckline, before creating the base of the much larger H&S pattern in yellow. Measuring that...
Bank nifty bounced from demand zone
* Not expecting V shape recovery as nifty is at resistance zone once again
*Another short pull back and bounce can activate buyers
*Nifty bank has more potential upside then nifty