I'm looking for at least $30 in my case I need at least $30.10 for a call I made. My call closes Sept and it didn't take long to near my goal. The fear of yield curve inversion is legitimate but nothing is as quick and basing previous experiences on one indicator (which could be skewed based on current events: China, Brexit, the Fed etc..)
Most of the times from...
Investec plc is an international, specialist bank and asset manager that provides a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa, and Australia as well as certain other countries. Investec plc is the controlling company of the majority of the group's non-Southern African...
Discovery Ltd. is listed on the Johannesburg Stock Exchange and is an integrated financial services organisation, specialising in health insurance, life assurance, wellness, investments, savings products, short-term insurance and credit card products.
Technicals
The corrective structure indicated above has targets of between 19000 and 21000 which is a long way...
For those following the Financial Sector two big dates are coming up fast for Citigroup ($C): The 26th of September next week, when the Fed decides rate raising (decreasing/no hike) and mid October when $C and other banks report earnings.
The Sept 21 - $72 strike was just too tempting at $0.20/contract. Now that Citigroup, $XLF and the market in general is...
Triangle has been completed for BAC since the beginning of the year. Price broke MA 200 which has represented a prominent support so far. MA 50 and MA 200 are close to each other. MA 20 broken with volatility stop on negative configuration. Due to the restricted volatility accrued since the beginning of the year strong price movement will be expected!
The popular ETF, XLF follows the financial sector and after weeks of selling, it looks to have found support and be gearing up for a big move indicated by the Weekly Squeeze coiling for the past 8 weeks, with the momentum shifting to bullish this week. If you take a look at C (Citigroup), it too has a Weekly Squeeze. If you take a look at it on a Daily it also...
Visa experienced a breakout on the weekly chart, breaking a trend back to January 2014 (nearly 4 years). If shares can maintain the resistance-turned-support trend line, shares are heading higher.
We are long on the Amazon.
Targeting the near term resistance on the AMZN, at the 963 area.
AMZN in the near term is technically positive. We recommend an opportunistic buy with an entry below 944.76 with a primary target at 963.23.
We have updated our monthly publication - US Sectors Relative to S&P500.
It is an overview of the major US sectors, and covers, amongst others, Consumer Discretionary, Consumer Staples, Energy, Healthcare, Technology and Financials.
Within several ratings changes, we have Downgraded Financials to Underweight.
On an absolute basis, the US Financials ETF XLF is...
JPM seems to be breaking our of a head and shoulders pattern, also backed by the Coppock curve breaking out of defending triangle and will probably rebound to carry on going even more negative. Also, I would short now, but if it breaks the 100 MA then its a definite short until the support of the last flag pattern. Furthermore the stock seems to be entering a new...
24-25$ is a potential Sell Zone that includes:
1) Weekly Structure
2) Bearish Crab
3) The 78.6 Fib level (reversal level)
A close below 23$ can provide the confirmation signal - In such case, XLF target will be 21$
This is only a trading capability - no recommendation !!!
Next wkk i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
