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News:
''Italian Prime Minister Mario Draghi has tendered his resignation after populist coalition partner Five Star withdrew its support in a confidence vote.
The former head of the European Central Bank (aka SUPER MARIO of Printing) has led a unity government since February 2021.
However, the president refused to...
Price is forming a bullish flag to tempt a breakout of the 37.7 resistance. I already have a long term position and just added. Even if the price drops, just hold it, it pays good dividends. I think that in long term it will break the 40 level and reach 45.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 FX:USDJPY has exhibited an overall bullish trend , trading inside the rising channel in red.
At present, USDJPY is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a previous major high marked in...
Goldman Sachs - Triangle break to the downside on the weekly chart. 279 expected as first level of support.
This is not a recommendation to trade. Do your own research and decide on your own trades.
Hey as you can see, I don't know diddly about charting but hopefully the fancy bullseye got your attention. This ETF appears to be in distress!! The only reason I'm reviewing is that a friend said it has been a MF recommendation. Sometimes they seem to have good timing but this one and my advice to my friend was, even if you believe in the fundamentals of the...
Personally, I think a lot of banks are going to get hit really hard.
WFC is on an edge and it doesn't look good.
Here's the chart
price targets and trends are marked.
If this thing pumps to some of these rejection zones, I'd look to enter short.
Who knows, we might already have hit top.
The drop from current price to the targets low is around 40% and 60%...
Traders,
For the second time this year, regional banks are threatening to cross on over an essential support that has carried us through this secular bull market for 14 (going on 15) years! If our support breaks, I fear that regional banks could drag everything else down with it. Remember, it is regional banks that hold the loans for much of commercial real...
As noted in the latest video update for week ended 13-Oct, detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), BOQ represents a potential bearish opportunity with respect to a possible breakdown should momentum continue and newer lows be made past the current position along with the outside week...
Beyond just the implications of the war, the technical setup on the Tel Aviv Stock Exchange looks very Bearish as if it's ready to collapse to new lows, as it has confirmed 3 Falling Peaks and will confirm a 3 Line Strike on the Monthly Timeframe in just 14 hours.
I expect that the exchange and all 15 of its Foreign and Domestic owners will be negatively affected...
First Rand made a lovely pin bar reversal off support on Monday and subsequently followed through today. I like this one as a long here with a stop below R60.00 and a target back to the 50% fib of recent high and low which also coincides with its yearly pivot point (=- R67.00). Also note bullish divergence where RSI is making higher lows even though price made...
technicals suggest a gradual upside in ICICI BANK . There are multiple confirmations for the same. The reasons are stated below :
954 levels previously acted as a strong resistance and now the stock price broke 954 levels, which now acts as a support.
there has been a consolidation in the stock price for last 2months forming a falling wedge pattern(bullish...
BlackRock has some Hidden Bearish Divergence across a few notable time frames and is below many of the major Moving Averages after Bearishly Pivoting at a 618 Retrace, if we can continue down from here we will eventually break below the B Point and go for a Full Bearish BAMM break down to the 0.886 Retrace at $161.72
If you haven`t sold OZK here:
Then analyzing the options chain and the chart patterns of Bank OZK prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $2.72.
If these options prove to be profitable prior to the earnings release, I would sell at least...
Bank of America has confirmed the MA's and S/R zone as Resistance within an Ascending Broadening Wedge just as PACW did not so long ago, and now more interest is building at lower levels, which could suggest that BAC will be breaking down from this wedge very soon, and the measured move would take it all the way down to about $2, though we could see it try to...
If you haven`t sold JPM here:
or reentered ahead of the previous earnings:
Now analyzing the options chain and the chart patterns of JPM JPMorgan Chase & Co prior to the earnings report this week,
I would consider purchasing the 147usd strike price Calls with
an expiration date of 2023-10-13,
for a premium of approximately $1.91.
If these options prove to be...
If you haven`t bought the dip on Citigroup here:
Then analyzing the options chain and the chart patterns of C Citigroup prior to the earnings report this week,
I would consider purchasing the 41.50usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.06.
If these options prove to be profitable prior to the earnings...
Commercial real estate
"..talk of black swans of an economic nature forcing the Fed to print trillions again. Commercial real estate may be the next domino to fall. Back in 2008, default rates rose to 9%, up from 1%, as interest rates rose.
Today, the damage to commercial real estate loans which total about $2.7 trillion could be far greater. Over 40% of the US...
While the Fed’s Bank Term Funding Program (BTFP) has been a key factor in supporting bank equity, the rapid rise in US Treasury bond yields is a concern, and so is the exposure to Commercial Real Estate (CRE). We can see CRE benchmarks rolling over of late and heading lower and this is keeping investors from buying into regionals. One for the radar, but if we see...
