Comments: High IV at 39% and change, with weakness to boot. Laddering out here, rather than taking all the risk in one expiry and at one strike.
One of the cleanest setups I have ever laid eyes on. Clear impulsive 5-wave move off the low with each wave tagging ideal fibonacci extensions. The pull back was also 3-waves and perfectly tagged the ideal .5 fibonacci retracement. The last confirmation we need is for price to break above the previous high of $8.11 to confirm that we are heading to double-digits....
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...
KRE Regional Banking ETF We are currently at oversold levels that offered good historic returns even if we only rise 15% to TASE:TASECTORBALANCE (Dec 2018 low) before moving lower. Given the evolving Banking Crisis we could we revisit the bottom of the long term channel by EOY. This would be a great opportunity. Throwback to TASE:TASECTORBALANCE dollars...
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...
Buy the panic in the banking sector then sit wait watch and profit. See also by KBE idea
Not the time to be long. Head & shoulders pattern with open gaps to fill below. No remaining support.
Traders, I bring you another weekend market update. We'll discuss what the charts are telling us from a technical analysis perspective. Are there clues that the debt ceiling issues will be resolved? Can we obtain clues from our charts? Let's find out. Stew
BOH has been in a downtrend for 2 months since the very beginning of the small bank crisis all precipitated by the fed and its rate hikes confounding the value of bonds with fixed yields. As can be seen on the 4H chart, price was in consolidation in January and February but the dropped out of the supply / resistance zone which is quite thick by the Luxalgo...
KRE the regional bank ETF is down about 50 % YTD, with a couple of bank failures leading the way. The question that arises is whether there is more downside. Faith and trust in the the banking system is at risk. The big banks came in their rescue on First Republic. A run on the little banks can hurt the big banks even Goldman Sacks. Holding...
Zoom in and you will see that Regional Banks have closed several times now below this critical trend line. If the Fed fails to save them, deflationary recession/depression it is. I am banking on a Fed save. The Fed always protects it's own. Therefore, blow-off top incoming. Followed by hyper-inflationary recession/depression next year. Should be a show. Stew
PANW as a stressed back stock has been trending down. However as seen with the regional banks at large ( KRE as an example ) the bear market had a bullish rally the past couple of trading days. So, is this a reversal to trade or merely a pullback of the trend down good for a short entry? On the 15 minute chart price has ascended to outside the Fibonacci...
Let's make a sincere attempt to understand and address the "banking crisis". For those who have lost money, it's a true crisis. However, for those who have not yet lost money, it represents a necessary purification of the regional banking system. Looking at the charts, it was evident well before the crisis occurred that a clear head and shoulders pattern had...
Traders, Bitcoin has reached the end of a very important triangle. It's time to make a decision. This week we should find out if: 1) Bitcoin breaks up and beats our 30,500 resistance, or 2) Bitcoin drops from our triangle and retests our C&H neckline at 25,300 We are going to dig into the charts for a few more clues and I want to show you the charts that are...
Quick take on the SPX moves this week and the regional bank index - KRE Have a great weekend!
- AAPL short under 170 long over 170 - Regular trading hour for AAPL will be key to the direction, lots of calls bought for 170 - SPY double bottom today key level of support - QQQ bounced off key support at 315 - AMEX:KRE made new lows XLF still weak