Few inside days after big, ignited candle on Fed minutes. There is still plenty of time before next meeting in the mid of June. Resolution of this upper level consolidation will trigger an Entry Long
Fundamentals : According to minutes of the Fed's latest meeting, U.S. central bankers feel it would be time to raise rates at the next Fed meeting on June 14-15 if hiring and economic growth continue to strengthen and inflation keeps rising. Higher rates are good for Banks and bad for Utilities and REITs. Technicals : Banking sector was a laggard compare to...
Oil price recovery has been mostly driven by USD related factors and so the fundamentals are still not where they need to be and the chronic oversupply continues. The banks with the largest energy debt exposure have felt the squeeze as a result and remain relatively risky. This chart shows the performance of the banks with the largest declared Energy debt...
I'd say closer to a short than a long, but we still need a clearer picture. A break 24.5/25 would be bullish, a break below 20 or so, bearish. THink we will move one way or the other in the coming months based on important fundos such as Spanish Election, Brexit, US election, China, etc.
using bounce today to scale into puts cheaply
BBAS3 (Banco do Brasil) releases earnings this Thursday. As happened with other Brazilian banks they must trigger sells (ex: ITUB4, BBDC4). Being a state owned bank must intensify plunge. I should start to buy a put spread (between 18.50 and 17.50) today to take advantage of this movement.
We had an advance warning in 2007-2008 in regards to the Housing Bubble/Financial Crisis another sell signal on SPDR Bank ETF on the monthly chart
It's all about making an educated bet to try to get it right.
Financial and Banking sector is relatively weaker than overall market. And with today weakness in S&P, the stock closed near lows after break of important support at $58/ Next target is $55 with stop at $60
As titled
A break above 1180 could signal the end of the secular bear market within the larger bull market of gold, as for the first time gold made a higher high price since it fell from a peak of 1900. Current price action is considerately overbought, but every dip was bought up given the fear and global macro. Next few days we might potentially see Dollar correcting by...
A developing head and shoulder position of Bank of America - A close out today below 15 would indicate a break in the cycle and a subsiqent sever sell off - Inversely, a break above 16 would be an early sign of a bull run. - MACD is approaching a critical inflection point as well. Good luck & happy trading!
Since its 2012- 2013 uptrend line was broken $BAC has been trading inside what looks like a weekly Triangle pattern (see black dashed line and the 17.5-18$ structure zone shown in the chart) During July, $BAC has completed a weekly bearish Bat pattern (PRZ between 17.8$ and 18.3$ that managed to stop, for a while, the stock's rally. The pattern's targets are...
Looks bullish here as it has been in a consolidation range ever since 1/14' and has for the most part been btw 15-18 zone. Financials have come back stronger this year and with interest rates set to be raised soon which could lead to better earnings from banks......financials are set to continue to be strong. For BAC.....it has been stuck below 18 lvls. ever since...