Traders, Though, I've expressed this all along this past year, regional banks are now confirming everything I've stated regarding JPOW and the FED only having two choices about the future of the U.S. economy: deflationary recession/depression OR hyper-inflationary recession/depression. The line in the sand has been drawn and crossed. Should the FED attempt to...
Over the last two months there's been several that have gone insolvent and got eventually bailed out by the FED, or have been taken over by larger banks. Initially, this looming crisis caused a lot of stress in the markets during the first two weeks of March. However, once Silicon Valley Bank got shut down & bailed out we saw a huge bullish move in both Bitcoin...
JSE:CPI seems to have topped in April 2022 and has been moving downwards since then. The stock enjoyed support near R1600 twice, the recent rally came to a halt as the price reached the trend line. Also, JSE:CPI is trading below declining moving averages; waiting to see how long the R1600 - R1500 level is going to hold. Other banks are either declining or...
In this update we review the recent price action in #XLF and identify the next high probability trading opportunities and price objectives to target
Morgan Stanley has a pre-earnings run moving up to its earnings report ahead of the open tomorrow. Last quarter had a similar setup for swing trading. The Year over Year comparisons are no longer impacted by the benefits of the 2020 - 2021 pandemic, when a few stocks had way above normal revenues. This is making many companies show what appears to be far better...
Bank Earnings have been great! Though, The market wasn’t overly thrilled about it. We believe this is due in part to the uncertainty it caused regarding the fed rate path. The bank failure(s) that occurred, and fear of continued failures, cast doubt on the feds ability to continue to raise rates. This elevated markets, in our opinion, in conjunction with...
The technical figure Triangle can be found in the daily chart in the US company JPMorgan Chase (JPM). JPMorgan Chase & Co. is an American multinational financial services company. It is the largest bank in the United States and the world's largest bank by market capitalization (as of 2023).The firm operates the largest investment bank in the world by revenue. The...
In times of crisis, investors rush to safety. When risk shows in places of safety, bank runs begin. One's pain is someone else's gain. Silicon Valley Bank (SVB) & Signature Banks' combined assets at $300 billion is witnessing a flight to safety. At $300 billion, it is trivial relative to $23 trillion within the American banking system. Remember that the FDIC...
If you haven`t sold crypto`s favorite bank, SI Silvergate, here: Then you should know that Silvergate Capital Corp, the parent company of Silvergate Bank, announced its closure and liquidation of assets on Wednesday. Shortly after, New York state banking regulators closed down Signature Bank to prevent the fallout from the failure of Silicon Valley Bank. ...
If you haven`t sold JPM here: or here: then you should know that JPM JPMorgan Chase seems to be most capitalized bank in the US, ready for the economic hurricane that its CEO, Jamie Dimon, predicted. Most business and retail clients will move their funds to JPM after this bank run. Looking at the JPM JPMorgan Chase options chain, I would buy the $140 strike...
I think BAC Bank of America is one of the few beneficiaries of the small banks bank run that we are witnessing today. Big banks are the safest places where you can place your money right now. Looking at the BAC Bank of America options chain, i would buy the $30 strike price Calls with 2024-1-19 expiration date for about $2.85 premium. Looking forward to read...
DBS is positioned uniquely at the intersection of both India and China to gain from growth in both countries. Facilitating capital flows out of China, continued rising footprint in India, digital asset presence, a trusted bank in Singapore which is emerging as the Swiss of Asia, DBS has more than one source of tailwind powering its upward flight. Specifically,...
PNC technically looks broken and on the verge of more downside. Can PNC pull a rabbit out of the hat this banking earning cycle? Or will the downside pattern prevail?
JPM after Bearishly Engulfing on the Monthly has formed a bit of a Head and Shoulders pattern while at the sametime forming a Bearish Dragon with some MACD Bearish Convergence as the RSI enters the Bearish Control Zone if price continues to do what it's doing i could see JPM making a full 0.886 Retrace.
The chart posted is that of Charles Schwab broker dealer . I see great support at 47.79 .But feel from a risk stand point a trade to the upside is now here . for what should be wave C up {THE BEAR WAVE COUNT} as fib relationship are focused at 39.0 to 41.5 BUT I AM BUYING CALLS as of this post JULY %) at 5.00 best of trades WAVETIMER
Bittrex leaves the USA due to a hostile regulatory environment. They claim the laws are not clear when it comes to Cryptocurrencies; this got me thinking... Will the USA ban Bitcoin China style? Leave a comment with your thoughts on this idea. It is probable that they will try to ban Bitcoin before launching the CBDC. A Bitcoin ban would send Bitcoin...
I am looking to short EURUSD on the grey area i have noted. I am looking for a distribution on the red area between 8:30 to 9:30 on 1 min TF.
CNO FINANCIAL GROUP - 30d expiry - We look to Sell a break of 20.29 (stop at 21.31) There is no indication that the selloff is coming to an end. The move lower is mixed and volatile, common in corrective sequences. A break of the recent low at 20.36 should result in a further move lower. Daily signals are bearish. News events could adversley affect the short...