CITY UNION BANK NEAR BREAK OUTCUB is nearing a triangle break out. Volumes are also coming. Watch out for this level, it can give very good movement in the coming days.
Banks
ASX:CBACommonwealth Bank, one of my safer stocks to watch.
With an uptrend that felt like it would never end, we finally have a good buying opportunity on our hands.
Uptrend and downtrend are both coming to a squeeze on a support/resistance line.
Looking to buy in around the $98 support if price holds.
Otherwise letting it drop and hoping to get in at the $87 support line.
DYOR
I hope this helps someone
Expiry Range for tomorrow BLACKLINESWe expect that the Bearish Character made today would be reflected tomorrow with above ranges to consider for the expiry strategies.
$GS to 391 extended target for the month of JunePlay for June opex. GS to 391 extended target. Set stop loss at 362.
Pennant formation
BTC/USDT SHORT...BITBAY:BTCUSDT
Like I already told you. DONT LAUGH AT ME...
I mentioned that I WILL NOT DO ANYTHING :) and you laughed at me. But it is okay.
Hope we will do better now and help each other and send me a more informative criticism not just bullsh^t comments.
I am here to share these trades
I have been telling you not to do anything unless we are close to that 30K wall. We need to hold that wall and or we will fall if we don't.
The only mistake i did with you guys is I DID NOT let you make aware that we will face a huge fight of FUDs and Official news even tho it is old.
This is not Bear Market (prolonged) this is just place we need to retrace from a raging heights from 10K to 30K to 40K back to 30K to 50K to 64K and we are here.
Still fvvck the government. Let's not say things about race. Government are one and their goal is to control us. Real Democracy is Decentralized. This is the time we can own something finally don't sell your BTC to the whales and bad whales. They will really buy it.
my techanalysis is still the same for the last week. I am the only consistent. I wont change. we are still shorting this then take profit to safe coins then move those short profits at buying more good project coins...
HODL wallet I have is...
$LTC $BTC $ETH $ADA $LINK $DOT $BNB
possible Head n Shoulders on JPM dailyPossibly head and shoulders may be forming on the D, we recently seen distribution before this sell off. Volume and price action will give us a better look. What do you think?
Straddle on expiry 34800 and 35000Banknifty is in tight range the expiry can be a huge rally or a fall , neverthless a calculated risk for being around 34800 can be expected to be executed.
Sector early indicator? Yes, Banks often are.The Banking sector, a sub-sector of the Financial sector - here represented by NASDAQ Bank Index (BANK , in green) - often acts as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... falling from peaks: as early as from 1998, in Feb 2007, steadily declining from Jan 2011, continuing underperformance from July 2018, and in Dec 2019.
Banknifty FUT can be boughtPositional Call: Buy BANKNIFTY fut near 35228 tgts 35990/37300 SL: 34455
Bank Nifty future seems to be trading in strong upside channel. Recently it has pinched a low exactly at support and interestingly low coincides with 3 candles recently at same levels. With yesterdays close it gave birth to morning star pattern which is confirmed today with a new high compared to yesterday. So overall biased for longs.
The 10-year UST yield breaks its supportThe 10-year UST (nominal) yields seems to have broken on the downside, despite slightly.
If this movement were to continue, then the main winners would be :
- US government bonds: over the short term only.
- Precious metals and stocks in this same sector, which react positively to real yield drops. Indeed, like nominal yields, real 10-year yields dropped from -0,79% to -0,84% in one day.
However, the main losers of this new downside dynamic for yields would be banks, which benefit from a steeper yield curve (i.e. banks like when the difference between short-term and long-term rates increases)
TOP WAVE STRUCTURE I AM BEAHISH NOW banks and brokerstop wave structure as well as 4to 5 spirals in time are now peaking in the banks . look for a min drop 11.8
TFC - banks are building decent set ups to watch this weekMain support levels 58.00 - 60.00. Max stop loss is 56.00
For this week, I will keep focus on banks. Good formations among stocks from this sector, nice relative strength.
How to Trade Institutional Key Levels.In this video I explain how the financial markets work from the perspective of institutional banks or hedge funds.
Having an insight into how and why the largest players in the market operate can significantly improve your own trading results.
Expiry Day Blue Print for Banknifty for TommA second day continuation of a bear trend following a consolidation phase can be just a move to fill the gaps, however Expiry days are different generally, It is a tug of war with ruthless search for premium decay be it any greeks .
We make the above three possibilities based on type of opening.
AUDNZD- Short Swing Trade OpportunityTechnical Analysis:
-Price has been in a consolidation since 20th April.
-We should wait for a retracement of the supply/liquidity zone to look for a short setup.
-According to the algorithm, price could drop down 1.00% in the next 25 days.
Fundamental Analysis:
-There is high impact news on retail sales for AUD on Monday 10th .
Sentiment Analysis:
-The large banks are heavily short on this pair.
Lets see how this trade plans out!
Make sure to follow, like and comment your ideas for this pair!
10 Yields vs Ratios Finantials, Reits and Copper/Gold10 Yields vs Ratios Finantials, Reits and Copper/Gold
AMC Entertainmant (The next big stock?)This is the AMC Entertainment chart, so as you can see its in a huge symmetrical triangle.
It could breakout or breakdown pay close attention to the trendlines, but mostly it breaksout with a nice target point *(As i marked above)
Conspiracy: Big banks and instutions investing heavily in this stock. Why? Just follow the money and hopefully we can ate a layer of the cake!
Fundamental Friday - BACFundamental Friday (BAC):
Gallacher's Fundamentals:
1. Select historically "Cheap" or "expensive" markets.
- BAC is within uncertainty range level 1.
- Financial sector is cheap, relative to tech. BAC has an 18.19 PE ratio vs 585 PE ratio of TSLA.
- BAC is neither cheap nor expensive relative to rivals in the financial sector (JPM, GS, by RSI).
2. Develop a critical eye for what is "important" fundamental information to a particular market.
- Important fundamental information in the financial sector is the longer-term Treasury yields, which I expect to rise this year. Long inflation.
- Macro trend in Quad 2, excess capital generated will be used to buy back shares.
Get (1) neutral, (2) bullish, or (3) bearish:
- Bullish
Some Warren Buffett Tenets:
Is management rational?
- BAC’s Brian Moynihan expects the bank will increase its dividend and boost its share buybacks once its passes its Fed stress tests. Last month, it announced a $25Bn share buyback plan with its excess cash.
Focus on return on equity, not earnings per share.
- ROE on a rising trend, 7.58% from 6.14% last quarter.
Calculate “owner earnings.”
- Owner Earnings = Net Income + Depreciation, Amortization +/- Other Non-cash charges - Full Capex +/- Changes in Working Capital (Assets – Liabilities or Shareholders Equity)
- 17.1B + 2B – 6.2M + 16.2B = 34.7B/8.7B = $3.99 owner earnings per share.
- Price to owner earnings: Current price = 42.36/3.99 = 10.62, vs. 18.19 PE Ratio (TTM), this is undervalued in the short-mid term.
Look for companies with consistent and high profit margins.
- Profit margin of 0.18 vs 0.1396 historical average (increasing trend).
GLHF
- DPT
KLCI FINANCE: Breakout!Following a 2 month decline in bank stocks, FINANCE index almost touched oversold on the RSI yesterday but bounced back and broke out of its downtrend line today.
Expect banks to drive KLCI rebound after Hari Raya break and offset projected decline in glove stocks.
INDUSIND BANK : IS CHART KO KYA NAAM DU...INDUSIND BANK IS ONE THE STOCK WHICH CANNOT BE IGNORED BY NEITHER TRADER NOR INVESTORS....
EXCELLENT ALL CHARTS ( 15 MINS , 30 MINS , HOURLY , DAILY ) BUT BUT BUT
WEEKLY CORRECTION EXPECTED TO COMPLTE SOON WHICH WAS GOING FROM LAST ALMOST 3 YEARS...
IT WILL EXPCTED TO BREAKOUT VERY WILDLY IN NEXT TWO MONTHS....AND CAN GO 1300 RUPPES VERY SOON
BUT LOMGTERM TARGET WILL BE 3500 IN NEXT 18 MONTHS
