KBE is an unleveraged bank ETF which on the 60 minute chart is currently trending with a buy
signal from the machine learning algo indicator. Banks are reporting. Interest rate changes by
the fed are flat for the time being. The volume profile shows KBE took a dip to try to fall back
into the high-volume area and bounced. It has recovered from a VWAP band...
On this 4H chart- TMV the leverage bear Treasuries ETF has been trending up
in a parallel channel. AT present it bounced from the top of the channel and is
heading down to the bottom of the channel. It is there that I will trade long
where the bottom of the channel is confluent with the mean VWAP providing
an overlap of dynamic support. Near that same level is...
On the hourly chart, BNKU fell from a head and shoulders in late July , crossed
under VWAP lines in a VWAP breakdown and pullback before an inverse head and shoulders
type reversal now underway. The zero-lag MACD is confirmatory. I will take a long
trade here. Projected stop loss and targets ( TP1-40% TP2 40% and T3 20%) are on the
chart. I see this as...
On this 4H chart, I see WFC having had a bit trend up and then a retractment through the
upper anchored VWAP lines toward the mean running VWAP where I expect a bounce.
At present, price action is in a bit of a flat bottom triangle. The ZL MACD supports this
impending reversal with bullish divergence in the line cross under a histogram which
went red to...
While tracking regional banks DPSt had a bad time in the spring with the
small and regional bank failures/rescues and the federal actions to buttress the faith of
citizens in them. There has been no runs on the banks. Larger banks may be taken
some business from small banks sattled with securities with diminished
value due to rising interest rates and the...
While tracking regional banks KRE had a bad time in the spring with the
small and regional bank failures/rescues and the federal actions to buttress the faith of
citizens in them. There have been no runs on the banks. Larger banks may be taken
some business from small banks saddled with securities with diminished
value due to rising interest rates and the...
While I believe that the markets are currently standing on the edge of a cliff and will not produce a new all time high, it's very important to note that price action is yet to confirm that, with the most significant catalyst of them all being Wednesday's FOMC.
Wednesday's FOMC is important because whether the Fed hikes again and how much they hike will determine...
Recently, a report posted on the Social Science Research Network found that 186 banks in the
United States are at risk of failure or collapse due to rising interest rates and a high proportion
of uninsured deposits.Jun 14, 2023
BNKD, the banking bearish and leveraged ETF has dropped in trend down in the past month
albeit with some upgoing corrections...
DPST is shown here on the 15- minute chart- This triple leveraged bank stock hit
a double bottom in late June and early July with a double bounce from the lines one
standard deviation below the mean VWAP lines anchored at pivots in mid-May. These
lines provide dynamic support and resistance unlike vertical lines from pivots. From
the VWAP breakout, price...
FAS is one of the Direxion leveraged ETFs focused on the financial sector. As can be seen on
the 15 minute the price action has had increasing volatility in the past month. Increasing
volatility is the hallmark of the megaphone pattern ( a megaphone is a cone like hand held
plastic device used in the old days before bullhorns and other things to amplify voice...
DPST was down in April, consolidated in May and is now parabolically rising and had a price split
in recent days.On the one hour chart, price is rising along the quickly after a pivot on June 1.
Price is well above the POC line of the intermediate term volume profile showing buyer strength
The relative strength on the RSI indicator is flat over 80. I will...
KBE on the one-hour chart has been in a rising parallel channel for a month. It is now near the
the top of the channel having pivoted within the past few trading sessions. The MACD which is
no lag shows a line cross above the histogram while the RSI is topped out as it was on May 23rd
the most recent previous pivot downward. I see this as a short setup. The...
As shown on the 4H chart BNKD, a triple leveraged ETF inverse to big bank stocks has had
ups and downs reflecting the chaos in the banking system with some failures and federal support
or takeovers. Online banks are thriving while some smaller regional banks are challenged with
a portfolio of bonds and treasuries bearing low yields. Price is presently at the...
BAC on the daily recently descended from an asymmetrical head and shoulders pattern
near to or in the supply zone as indicated by the Luxalgo indicator down into the demand
zone in late March and early May for a double bottom. Fundamentally, the banking system
has been propped up by the federal central banking mechanisms and the situation seems to
have...
KBE is in the middle of a beatdown with two of the biggest bank failures in history this week.
The share price action is reflecting overall distribution. The moving averages ( SMA 100 and SMA 200) are
parellel and not crossing. Today, the price action had a little pullback on the drop and perhaps an
early sign of reversal or at least the end of the trend into...
