Got some nice divergence, there is a ton of short interest that was opened recently and the long end of the yield curve looks like it is going to start trending up.
Banks are oversold and inflation is coming and will likely stick for a while. This should pull up banks. This will also increase trading volume for the banks. Should see commodities / financial stocks increase over the next couple months.
Will cancel this trade if price closes below 12.91
Banks are oversold and inflation is coming and will likely stick for a while. This should pull up banks. This will also increase trading volume for the banks. Should see commodities / financial stocks increase over the next couple months.
Will cancel this trade if price closes below 12.91
Note
Just been moving up slowly. Next week should be very good for DB. Volume picked up on a Friday and we closed above the 13.16 for a second day in a row after wicking down to it. Very bullishNote
10 year is going higher and since like 50% of their income is IOR, this is going to bring the value up <deleted>
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.