Heavy selling observed across the S&P500: Financials & Real Estate hit hard. S&P500 hitting the 50 day MA...technical daily support. Some breakout sectors are seeing there first pullback in a bullish trend. The sectors that have had breakouts will likely see dip buyers. Health Care & Utilities are into some interesting support levels. This is where bulls...
n the daily chart PYPL is at its six-month lows sitting on the support /demand zone after recent earnings which were helpful in showing earnings and revenues holding up. Upside to resistance is about 25%. The volume profile shows heavy volumes at both the current price and at $75 Any upward price action would likely experience volatility at $7 5 as that is...
The country’s ninth-largest bank, Capital One (NYSE: COF), shocked the finance world when it announced that it will buy Discover Financial Services (NYSE: DFS) for a staggering $35 billion. This all-stock deal is set to be one of the biggest M&A deals of 2024, bringing together two of the nation’s credit card giants to create a true global payments...
Discussing all the sectors of the S&P500 sectors. Looking for capital rotation trades. DJT XLB XLC XLE XLF XLI XLK XLP XLRE XLU XLV XLY
Rising top flat bottom channel. Two key support targets for downside. Technical analysis would suggest downside price action from here. RSI close to breaking below 50.
All information in the video. I think a turn for xlf is coming and it may be quite strong. Under 37.50 will be a marked change especially if they close the week below it. Good luck!
XLF has had a pretty good month so far. Probably the worst sector is showing some signs of life despite issues with the banking system. This week XLF has poked its head above the triangle and the close was pretty good. Volume increased from last week as the down trendline was breached. Now, it is not a confirmed breakout yet as horizontal resistance is right above...
💡 Pattern: Bull Flag 💡 RSI: 51 Neutral 💡 Risk: Medium ✅ Resistance: 158 ✅ Support: 144 PERFORMANCE 🟡 ST: HOLD 🟡 MT: HOLD 🟢 LT: POSITIVE *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️
Bond pressure... Pushing' down on me, Pressing' down on you, No man ask for... Technical graph says that possible upside with NYSE:CFG stocks could be possible, with projected/ targeted line at 52W SMA. With 6.20% dividends yield, double-digit operating yield and P/B just at 0.6, NYSE:CFG securities can be considered as quite undervalued. The protection...
Yet again we see another sector at previous highs hitting resistance with a topping M pattern structure setup. Listen to the message of the markets.
Financials charts have completely been rejected by the downscoping trend line. A weekly bear flag looks like it's about to trigger and send price action much lower. Since the daily chart is getting oversold, waiting for bearish consolidation is a wise decision if you are wanting to short. With the rise in yields recently, it's clear the Banks net interest...
Some interesting developments in the bank etfs today - XLF and KRE, worth watching on both a weekly and daily basis. Long term JPM looks like a head and shoulders may be forming.
ok at 97 this should see support, but damn this is looking like a very long term top on Jamie Dimon's baby. That hurricane he was talking about started a few months ago. Long term target is 50.
AMEX:XLF Possible Scenario: SHORT Evidence: Price Action, Overbought RSI, Rejection on trendline. TP: 30$ * All the markets are ready for a 10% pull-back
🔹Resistance become support at 144 in NEGATIVE reaction. 🔹POSITIVE volume balance indicates higher volume on rising days. 🔹RSI above 70 indicates strong short-term POSITIVE momentum. 🔹Technically POSITIVE for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle |...
To the top of this channel again, and my guess is we go back down one more time. I'm thinking similar for the market - down for a nice drop and then a smaller bounce up to create more long term sideways action. The financials may outperform to the downside over the next few weeks/months, but should find support again around 31 - so a 20% drop is what I'm expecting...
With the Bank Stress Test showing positive results, here's a possible trade gameplan for GS into qEnd provided conditions are met and we have a bullish reaction to GDP + Unemployment numbers in pre-market tomorrow. The path on the 15 min chart looks messy since that's the lowest resolution I can publish, so I've included a 5 min version in the screenshot...
Looking at the AD, we see an Ascending Patterning (rising Money).. Looking for JPM to retest resistances level near both C and X leg where it sold off. Price Target is $170