I think this is a great opportunity to short BAC.
I will try to call a multi-year top on the XLF fund. Will short from 25, targeting... Probably, 12. But my main question is: was the whole movement from 2009 to now a wave 1 or it was a B and we still wil see a Wave C? If that was a B, then we can probably say: welcome to hell, banks! Hope you enjoy your stay here
Waiting for a rupture Esperando una ruptura
XLF sees strong momentum on Tuesday trading and there's support @22.85. Trump's policy will benefit the financial sector anyway and we are expecting to see a pullback+bounce back to previous highest level and break through into a new territory!! Wait for the pullback to build the portfolio.
Goldmans Sachs had a great really from November 2016 until now. The chart is moving sideways now and shows singular sell signals . The investors are less modifying their $GS positions. They make themselves ready to close their position. The sideways chart shows irresoluteness about their actions.
For your long swing account. You will have many opportunities to add more to the trade so still once reaching 1:1-or-more ratio remember to consider taking profits to remove your risk.
This is only a trading capability - no recommendation !!! Next wkk i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Nifty is at Upper Channel Line, Dollar is Still Above 102, US Markets looking weak, Bear Trend is Intact if we look at magnet, BankNifty/Nifty is breaking below. BankNifty Will Under perform and Drag Nifty Down...
Fundamentals - 1.. High Deposit Rate, Low Credit Growth 2.. NPA Crisis 3.. Low Intrest Rate = Low NII 4.. Scams in Banks 5.. Property Rates Going Down 6.. Global Sell Off Imminent Technicals - 1.. Second Mountain + Head & Shoulder in Weekly 2.. Magnet Crossing Below
Yield curve is flattening with each rate hike as the short term floor is hiked higher. Not a stable environment for better loan growth. These are the leaders, do people really expect a hand off back to FANG?
I'm shorting this big time on Monday. This rally has been nothing but started from speculations and headlines. Reality will hit soon.
Since we keep moving higher I identified a flag pattern on the daily and 4H chart. Now we are breaking out of it and the next move should be equal to the flag pole which ends at 23.45. Personally I don't trade that kind of pattern but maybe someone of you guys out there is looking for some short to medium term targets to take profits. I am still looking for 27.50...
buy @ 12.90
HUGE OPPORTUNITY FOR AGGRESSIVE, WELL-FUNDED TRADERS. Start Shorting today Tues 12/6 and keep shorting if you buy off on scenario below. I feel this is now a rare opportunity - but hold onto your Tums bottle all the same. GS is 231 with 20 mins. to go today, and it's been holding - but in a narrower range than usual. The RSIs (especially the default 14 pt IA AND...
BAC is about to retrace to 18.2. Sell on Breakout. Good Luck!
Looking very overbought here from this recent Trump Bump, looking to profit on the re-trace, if there is one. Opportunity is here, if it breaks out, could be a good long, if it reverses here, could make for a fantastic short.
RSI is starting to go through the roof, and Williams VixFix is significantly weakening. Almost everytime this has happened since early last year, it pullsback.