For those of you looking for "The Alchemy of Finance - George Soros" you can find it here: epdf.tips
Right, a bit of a congested chart... In white, we have $XLF, purple, the US unemployment rate, orange is the European bank index and in yellow, we have the effective Fed Funds rate (US interest rate). Recent rhetoric from the Fed has been pretty dovish, and we have had a pause in hiking rates, with there likely to be absolutely no hike this year. If an economy...
Looks like it may be an exciting Monday just like Friday. Goldman and Morgan Stanley are in play this week. GS MS GS
Hi All, MS should easily beat earnings since it's a busy IPO season and they are one of the major banks to underwrite the coming public offerings. I know that they are underwriting Uber's coming IPO. Feel free to provide constructive critique. I have loaded up on May $45-$46 call options. I am also holding GS call options.
I've added the ichokucloud fibonacci to this chart. Looks like my previous analysis was correct, broke out from the base established over the past 2 months. Earnings Monday morning should make this pop along the new trend line. NYSE:GS NYSE:GS
The XLF is currently forming what appears to be a complex inverse head and shoulders pattern. As it sits right now, price is holding between the 50 and 200 day moving averages (50 day acting as support, 200 day acting as resistance) and we could be setting up for a golden cross (50 MA crossing the 200 MA) into an eventual retest of the neckline of this complex...
Good Morning, I held some $210 and $230 call options overnight. Looks like we're about to head up toward at least the $216 area if not higher. Earnings are reported Monday morning prior to the bell.
Have a great day all!
Hey guys, quick disclaimer; I am a novice technician but I'm here to learn! I'm playing some $210 call options for Goldman Sachs earnings. Goldman to me, has more upside potential in the financials vs. JPM or BAC. And with the onslaught of IPOs it should be a forgone conclusion their revenue/earnings should be boosted in that environment. The SPY appears to...
So, if you look at XLF, Never fully recover since the financial crisis, so the big jump in Yields, since 2017 trump presidence is back where all rally started, the weird thing is that correlation bewteen yields, and bank stocks was right in dicember and these 5 month rally, in anticipation of earning is not price in, earning cuts, honestly did you know that banks,...
LYFT threaten to sue JPM over short-selling, yes, a company that loses money and sold for $25bn!
Financial sector is one of the largest components of S&P 500. On Friday it retested its important resistance and ended up as a doji candle. If it starts the pullback to the mean, which is confluence with 20 EMA then it will drag the index down as well. Watch financials to confirm your ideas about SPY trading. 04/06/2019
sitting at recent lows, watching for a break down. $XLF $KRE
Soem days ago I highlighted an interesting chart pattern related to the pair XLF/KRE, mentioning that AMEX:XLF could soon outperform AMEX:KRE . Well it turned out very well. Follow me to get fresh pair trading ideas!
XLF is an ETF that tracks the financial sector - one of the largest sectors in S&P. The chart reflects a strong rejection from a major HVN (high value node) as well as the level where the downside conviction had started back in December 2018. The price has closed right at the edge of the large value area. Usually, a bounce is expected. If the level gets accepted...
bear flag then a flush, more downward pressure coming $DPST $WDRW $XLF
Today's FOMC minutes, and subsequent conference, was enlightening. The Fed has signalled that there will be no additional hikes in 2019, which the market had already priced in. Additionally, the Fed's quantitative tightening ( balance sheet reduction) will be tapered and expected to end by the end of September. The bid-to-risk was short lived as the SPY and DIA...