Chart is fairly self explanatory. Target on the HVF has been met and price action now looking toppy with dollar collapsing. Financials need to retrace to 23.5 at the very least, although would expect more depending on rate hike narrative
The Financial Sector The following ETFs are related to the Financial Sector. The ETFs track different sections of the financial sector as noted. There are many more ETFs in financial subsections for the USA and international equities. Included for each ETF are the symbol, the total Assets Under Management (AUM), the Number of Shares in circulation (Shares),...
When FAS crossing US$ 35. Look the story ... since 2013
I have a number of financial stocks on short watch. They are very over extended. Looking for a break of support.
Truth be told, I'm not a huge of fan of leveraged instruments, but when a $23 underlying has the potential to yield a $100 or more worth of credit, I'll briefly overlook the warts these instruments have as an "investment" tool ... . Here are the metrics for the play: Probability of Profit: 77% P50: 81% Max Profit: $127/contract at the mid (this is off hours...
SYNOPSIS : 1 - Major bearish strength coming into play 2 - Immediate major support resides at the 15.54 handle 3 - Limited reactive rally expected at 15.54 4 - Ultimate bearish target at 7.83 Best, David Alcindor, CMT Affiliate #227974 - Alias: 4xForecaster (Twitter)
117/116 weekly bull put spread .09 limit I will only look at this spread if we closed below 120 on the hourly. Look to leg into a 129/130 bear call spread. IF you do both legs together, .15 limit on the condor expiring this week. I would not look at bear call spread unless FAS closes above 127 on the hourly. Could consider buying a shorter term call if FAS...
Great candle on the daily, and hourly, off of EMA's
We can see that stocks above 20 days MA is a good indicator to where market is overslod and ready to return to the main trend. We can use a highly correlated + highly volatile ETF to profit from this. It looks like the market is returning from extreme levels in the breath indicator and we have a clear stop.