AMEX:XLF has seen some channel trading from 2018 too early this year. Finding its range peak in February of 2020 it crashed hard and has been working it's way up since. In red and green (A-D) are the main support and resistance levels and I have noted on the MAC-D where price has reversed, and also accounted for some major financial events such as the Chinese...
Technical Analysis and Outlook The S&P 500 hit the Key Sup and Outer Index Dip $3,216 , on September 24, respectively. The ''All Out Buy Zone'' and Mean Res $3,315 was an excellent entry up and down for the Trade Selector Signal system all week long - intraday traders accumulating a whopping 305 handles trading single E-mini S&P 500 Futures contract (We love...
My idea on Banks coming up. For some reason i believe Banks like JP and GS will do well coming up. And believe while techs take a break possibly and even some names retreat , Financials will have to step in and save the day with MKTS. GOOD LUCK TO ALL
Technical Analysis and Outlook The S&P 500 market broken Key Sup $3,335 and completed Outer Index Dip $3,295 - there is no confirmation with the Trade Selector Signal BARC signal(Not Shown). However, the current buy zone is an excellent entry with the target to strong Mean Res $3,428 mark. To continue the rest of the market story, see the 'Weekly Market...
GBPUSD H1 - Another H1 chart here for a GBP pair. If we can push up again to test 1.29 possibly, that could warrant a good rejection to see us back down to the previous low region again and then possibly beyond.
Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** The last three gold candlesticks mean a strong decline, but at the same time a triangle is formed if the triangle is not supported, it may head towards the upside and complete the rise, but if the support is broken, the price may head to $1,816. *** Here is the full...
If you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. In this analysis, I will be explaining my on views on the high-end burger brand, Shake Shack (SHAK). I'll be exploring the technicals and financials of the stock, as well as the overall business model of the...
Similar to the small caps Financials have had a less enthusiastic rally compared to tech and while they have also rallied from the March lows, the uptrend seems to have broken and is heading likely downward. Look for financials and small caps to be a drag on any rallies that the markets may make in the coming days.
Technical Analysis and Outlook: The S&P 500 market is proceeding to a Key Res $3,582 and fully developed TARC formation - Not shown. Next Spooz continuation is the next Inner and Outer Index Rallies marked at $3,620 . The Key Sup area marked at $3,339 is an excellent buying opportunity. To continue the rest of the market story, see the 'Weekly Market Review...
Still under the 2009 relative low, so no I'm not buying the whole rotation to financials theme just yet.
Interested to see the move in price in encountering the pivot point. If it takes it out, one could anticipate longing in-between S1 & the wedge from a technical entry. (today it broke through the 20dma). Fundamentally this is a great company and looks run very well, but in finding our entry we can be picky and aim for the reversal off the bottom of this wedge.
Income 29.2M Dividend 5.14% (Wow!) P/FCF 497.32 (Ultra Bearish) EPS this Y -8.4% Sales Q/Q -49.1% EPS Q/Q -159% Profit Margin 8.9% Short Float 2.65%
AMEX:IWM As we continue to embark on this epic economic bubble , there will be varying components that will be mixed in so the trend can continue. To allow some normality to the markets, profit rotations still seem to be taking place and tech seems to be the one market that is becoming exhausted. With that said, I think we continue to see those absurd profits...
As most people know, sentiment has been running uber-bearish. That’s lifted gold and depressed interest rates. But now the action in bond prices may be showing an end to the move. The iShares 20+ year Treasury Bond ETF tracks the prices of long-dated bonds. And they may have recently hit a peak around $172, near the same level where it was rejected in...
EURGBP H4 - Big reactions at these supply zones recently. Could form a double top for a 4th rejection before selling off. Little more upside gains before melting. Covered this in the video analysis. Obviously be aware of comments from Barnier later today, could swing this a little bit.
The financial sector's technicals are looking more bullish after earnings week, with the MACD above the signal line and the price above a volume support. Banks reported mixed financial results, with sales 4.3% above Street expectations, but earnings 3.3% below Street expectations. The earnings came in weak mostly because banks set aside big piles of cash to guard...