Bank of America has confirmed the MA's and S/R zone as Resistance within an Ascending Broadening Wedge just as PACW did not so long ago, and now more interest is building at lower levels, which could suggest that BAC will be breaking down from this wedge very soon, and the measured move would take it all the way down to about $2, though we could see it try to...
Western Alliance shares pulled back from their session lows after the Arizona-based bank denied it was exploring a potential sale The Arizona bank described a report in the Financial Times that it was considering a potential sale of all or part of its business as “categorically false in all respects”, adding: “Western Alliance is not exploring a sale, nor has it...
Analyzing the options chain and chart patterns of PACW PacWest Bancorp prior to the earnings report this week, I would consider purchasing the 10usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.87. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
PacWest Bancorp sinks 56% in after hours following news the bank is exploring a sale but Powell said the US banking sector is strong! PacWest Bank, confirmed Thursday that it is exploring “all strategic options” after its share price was cut in half in after-hours trading following a Bloomberg report that it was considering a sale. “Exploring strategic options” is...
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...
- 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
Traders, Though, I've expressed this all along this past year, regional banks are now confirming everything I've stated regarding JPOW and the FED only having two choices about the future of the U.S. economy: deflationary recession/depression OR hyper-inflationary recession/depression. The line in the sand has been drawn and crossed. Should the FED attempt to...
Regional Banks have always led our economy during booms and during busts. You will note from this simple chart that one key trend line has measured our current secular bull market. Regional banks have remained above this trend line since it was first touched in 2009. Excluding March 2020 (Covid19), which is not valid data, regional banks have never dipped below...
Treasury and FDIC demonstrated zero interest saving shareholders of SIVB (wiped out, the buyer of assets got $16B+guarantees for loans). Same will go for the rest of $KRE = any assets are at deep dis count. Can't save them all (nor they would want to). Industry consolidation. The End.
It might appear on daily and shorter time frames that US10Y has broken the trend, dating back to 2020. Weekly at key support level. it will save the regionals (yield dives due to massive QE, HTM portfolio's MTM improves) or will destroy them (KRE).
Treasury and FDIC demonstrated zero interest saving shareholders of SIVB (wiped out, the buyer of assets got $16B+guarantees for loans). Same will go for the rest of KRE = any assets are at deep dis count. Can't save them all (nor they would want to). Industry consolidation. The End.
While Bank Regulators are trying to put together a package to save FRC First Republic Bank with JPM and Morgan Stanley, other hammered regional banks are looking like a bottom. PACW has a book value of 29.50 and a cash per share value of 17 dollars per share. FDIC Insured deposits account for 40 percent of total deposits, making a run less likely than FRC which...
BUY PACW LONG ENTRY 1 $18.80 ENTRY 2 18.00 SL16.00 TP.1 25.50 TP.2 30.86 TP.3 40.50 TP.4 $48.00
BUY PACW LONG ENTRY 1 20.50 ENTRY 2 19.86 SL16.00 TP.1 25.50 TP.2 30.86 TP.3 40.50 TP.4 $48.00