SBNY Signature Bank next to Collapse? If you haven`t bought those 5X puts:
Then you should know that Signature Bank's stock experienced its worst day on record following the collapse of SIVB Silicon Valley Bank and SI Silvergate.
Due to high volatility, trading was suspended earlier in Friday's session, and the stock has continued to decline for five consecutive sessions.
This downturn was triggered by the closure of Silvergate, the second major bank serving digital assets companies, as well as the regulatory shutdown of Silicon Valley Bank, the 18th largest bank in the United States.
It has been reported that Signature Bank had exposure to FTX.
I am still bearish on the company and i believe it will reach the $34 - $63 area soon!
Looking forward to read your opinion about it!
BANK
Guide to adjusting your brain to a bank run, short everything?
We're entering the phase where potential bank runs will occur, meaning "experts" will start shorting everything heavily including Bitcoin.
But the question is if Bank deposits aren't safe? can't withdraw funds? where do you go?
Gold? possibly if you trust paper gold, Bitcoin? decent choice, stocks? well at least you own the certificate of ownership that can be protected.
17,610 bn of bank deposits yes that is 17.6 trillion currency in "oh no my money mode" people want to know how gold can hit $5,000? how Bitcoin can hit $500,000? gamma squeeze.
Let the games begin!
www.youtube.com
SBNY Signature Bank exposure to FTXOn December 21 Fitch Ratings revised Signature Bank's (SBNY) 'BBB+' Long-Term Issuer Default Rating (IDR) Rating Outlook to Negative from Stable.
On Jan 10, a team of analysts led by Ken Usdin downgraded SBNY Signature Bank to Hold from Buy, and slashed their target price to $124 from $185.
SBNY Signature Bank said that it had an exposure to FTX of less than 0.1%.
They also announced a reduction is crypto exposure, of which Jefferies analysts said:
“Signature Bank’s decision to shrink its crypto deposits by $8 billion to $10 billion and replacing with wholesale borrowings at 4.25% will drive a significant net interest margin reset in the coming quarters,”, which is a key profitability metric for banks.
Looking at the SBNY Signature Bank options chain ahead of earnings , I would buy the $75 strike price Puts with
2023-6-16 expiration date for about
$4.45 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Long opportunity in ICICI BANKPositional Long Opportunity in ICICIBANK.
1. Positive RSI
2. MFI Breakout
3. 200 EMA Support Level
4. Will retest psychological level of 900 before exiting the 800 range on the downside
5. Price trying to make a HUGE HEAD AND SHOULDER pattern. Currently developing the right shoulder.
Nifty bankHello Everyone,
Today Nifty Bank was trading in a very tight range in the morning session. After than it breaks its support of 41350 and fall unto 41100 after that it tried to rise and breaks its support line of 41350 and move 200++ pts up and hence, ended the market in green.
In this whole fluctuation of today's market over view is set to be bullish for next day. We expect it to touch 42000-42300 range which will show a good market condition in the banking and allied stocks. The impact of budget on the market are seeming lightly today as volatility has decreased quiet comparing to past 4-6 trading session.
So our trading range for upcoming days is between 41000-42000 (+/- 200pts as per India VIX).
Thanks
AXISBANK Potential for Bearish Drop | 6th February 2023Looking at the H4 chart, my overall bias for AXISBANK is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Looking for a pullback sell entry at 908.00, where the overlap resistance and 50% Fibonacci line is. Stop loss will be at 970.00, where the recent swing high is. Take profit will be at 702.30, where the overlap support is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Compare to indaxHi this Vijay Shrivastava and
This is thinking 💭 🤔
I try to compare SGX NIFTY WITH USDINR for catch Nifty 50 next moment..
(1) I think Nifty will go up upro 100 point because sgx have a strong support zone from here and currency make resistance..
In my opinion I currency move to 81.3500 so sgx nifty also cross 18100 level and in Indian market Nifty will come to 18150 again....
And one more thing if currency go 81.3500 so I am also bullish in bank Nifty..
(2) if currency move up to 81.4500 to 81.5500 may be in that case we see Nifty in sideways zone..
(3) this is very important Nifty try to make support from here it's also like aresistance level if currency move up from here so definitely in next trading day Nifty will more down from here aprox 85 to 130 point...
So be raddy next day what ever market decide to go we raddy catch our luck 🤞 from here
..
US500 SELL TRADE IDEALooking to sell us500. Sellside liquidity. Also, it has a SMT divergence with NASDAQ. The entry is gonna be on 5 min chart.
Earn 5 times your risk with ITUBThe algorithm is proposing a trade in ITUB which seems quite interesting. A channel has been formed creating a kind of big flag.
The most probable scenario is a bounce to the upper zone again but be ready for a retest of the lows, so if the channel breaks down you can also profit by shorting with a risk reward of 2.
If the price bounce as expected, the risk reward is 5 so it's amazing in terms of ratios. You need just 1 trade to compensate 5 loses in similar trades.
A good opportunity to enjoy a rallyThe algorithm has found a resistance at the end of a downtrend channel. The 33$ support is working pretty well and now we must be aware if the price has enough demand to break the 36$ level.
This break could potentially move the price outside the channel and the zone of 40$ would then become the target. The risk reward is good enough and the stop loss can be very tight thanks to the clear resistance price.
MFG: Long term strategyThis chart indicates a strong relation of MFG (generally applies to most bank stocks) with gov yield rates - 5 year Japanese bond in this case.
Considering the chart pattern, there is still a possibility of testing a bottom for a couple of months, but the stock price should soon catch up with the yield rate.
As the downside risk is limited, we may be seeing a great opportunity to accumulate and add these stocks to your portfolio for income gain.
FRB started rasing the funds rate. This may continue for a couple of years and it is best to watch their monetary policy.
The current inflation we are experiencing is worldwide and BOJ will follow FRB - FRB is running ahead of BOJ.
FRB will tell you when to exit.
FEDERAL BANK <MY TRADING VIEW 👀👀FEDERAL BANK <MY TRADING VIEW 👀👀
JACKPOT trad for long term view 🎁🎁🎁
break this box to big move
💖💖💖💖💖💖💖💖💖
LIKE if you agree / and for more such jackpot trades do follow. ❤❤❤
--------------------------------------------------------------------------------------------------------------------------
I am not sebi registered , Please do your own research before investing
Jan 20
Comment: It Bounced again from said levels of 340 to 400 levels. Cheers!!