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Kadena BREAK UP CONFIRMED!?! next stop is the MOON.TOP 100 BANKSDigged super lots of valuable information on Kadena recently and found out that one of the TOP 100 Banks in the world is already a client of Kadena! Jp Morgan is one of the TOP 100 banks list.. the team comes from Jp morgan.. im just having a wild guess... What more they have Huge partnerships with USCF, a 3 billion Fund company.. also already a client.. they have few more..and more firms are coming to Kadena because it is a Hybrid Blockchain (both private and public). This is what the real enterprise are looking for and have been hesitating from ETHEREUM days.. There is also U.S. Licensed Exchange listing coming... u can google that and that will narrow down to only afew BIG ones.. i can safely say 2020 is one of the big moment for KDA as many are still unsure on what KADENA is capable of.. Kadena has CLOSE relationship with Polkadot $DOT . funded by DOT and working bridges with DOT. Fidelity Investment arm is also invested in Kadena. google Fidelity if u are unsure what that is.. Coinmetro, a licensed exchange is working with Kadena team on building DEFI products and more because Kadena has awesome tech. the FA for Kadena is super bullish, same for the Chart in daily. this is going to X10 - X30 mid-long term. Kadena is only 20mil market cap now.. thats very low for such accomplishments.
Long
by meowoao
1
EURCAD BULLISH TREND CONTINUATIONHI TRADERS HOPE YOU ARE DOING WELL. THIS A BULLISH TREND CONTINUATION SETUP FOR THE EURO CANADIAN DOLLAR. FUNDAMENTAL BIAS: .WHEN WE LOOK AT THE COMMITMENTS OF TRADERS REPORT THE INSTITUTIONS ARE SHORT ON CANADIAN DOLLAR & LONG ON EURO TECHNICAL BIAS: .THE PRICE MADE A FULL CYCLE OF 5 WAVES --> END OF THE BEARISH CYCLE PRICE ENTRY ZONE: .TWO DEMANDS ZONES LOCATED AT THE LOW OF THE SUPPLY AND DEMAND CURVE .THE FIRST ZONE IS AT 61.8 FIBONACCI RETRACEMENT .THE SECOND ZONE IS LOCATED AT THE BASE OF THE LAST BULLISH IMPULSE WAVE WARNING: .THE PRICE DIDN'T CREATED A HIGHER HIGH .THE PRICE NEVER BROKE OUT OF HIS BEARISH CHANNEL .PRICE ONLY RETRACED TO THE 50% RETRACEMENT FIBONACCI FROM LAST DAILY TIMEFRAME IMPULSE THIS COULD BE A NICE SETUP, BUT IT WOULDN'T BE AN A+ SETUP. I WILL LIKELY WAIT FOR THE CREATION OF A HIGHER HIGH BEFORE TAKING THIS TRADE. CORBEAU
Long
by Corbeau_FX
GS Goldman - Where is it heading?We are at ascending channel but key support area we break down further out of the bullish moment - we will have the bears come out...! Now, I was very bullish on banks overall - even when they had there earnings. For this moment time technical aspects lets concentrate - if we go further below our next support area would be: 193 - 188 areas & Resistance areas would be: 219-225 areas. Go through lower time frames once direction is confirmed, you could even add alerts to your charts or if you're feeling very confident add orders in. Enjoy - have a great weekend.
NYSE:GS
by Trade_Journal
We are in an unprecedented fiscal experimentEconomic downturns are usually accompanied (and perhaps prolonged) by a tightening of private credit, as you can see on this chart of S&P 500 performance vs commercial and industrial loans from all commercial banks. Lending significantly lags stock market performance, but a downturn in lending generally confirms a recession, and an upturn in lending generally confirms a new bull market. This time, however, is different-- at least in terms of the initial response. The rapid downturn in stocks was met with a huge spike in new private lending, encouraged by massive Fed liquidity, and the recovery of stocks was as sharp as the initial selloff. Now, however, lending has turned back downward, and it's possible that over the next year we could see the same tightening of credit that usually accompanies a recession. The Fed can increase bank reserves, but it can't increase borrowers' collateral or their appetite for risk in a difficult economic environment. Does this downturn in private lending, like the previous ones, confirm that we're in a recession and that stocks will slide from here? Will the next upturn in private lending signal that we're back in a bull market? Only time will tell, but the results of this experiment will have huge ramifications for both policymakers and investors for decades to come. Hat tip to @TayFx for help constructing this chart. Also check out his cool charts of SPX vs. M2 money supply and Fed balance sheet:
F
by ChristopherCarrollSmith
17
Watch this trend line for signs of a banking sector recoveryThe financial sector's technicals are looking more bullish after earnings week, with the MACD above the signal line and the price above a volume support. Banks reported mixed financial results, with sales 4.3% above Street expectations, but earnings 3.3% below Street expectations. The earnings came in weak mostly because banks set aside big piles of cash to guard against future loan losses. So overall, the reports were quite strong and banks look better protected against the coming solvency crisis. I expect the narrative around banks to remain somewhat negative anyway, with CMBS delinquency rates up 3x in 3 months to 10.32%; Moody's downgrade-to-upgrade ratio near the highest ever; residential mortgage forbearance up to 8.7%; and the annualized corporate default rate higher than the 2009 level. These numbers appear to be worsening every month. However, any news of stimulus from Congress could allay solvency fears for the near-term and send bank stocks into a new uptrend. Banks have currently made a downward-sloping trend line from their February peak, and with stimulus likely to be announced by the end of July, I think we're likely to see a move upward through the trend line this month. I don't know that I'm prepared to invest a bunch of money in bank shares with the narrative so negative right now, but August 31 calls on XLF at the $24 strike look like a reasonably low-risk gamble, especially if we get a trend line break. (I'd consider taking a real, long-term stake in XLF shares if it retested the $20 or $18 levels.) A couple ways to play this would be to alert the trend line and enter after a break, or to alert the supports at $23.50 or $23 and enter when it hits those supports. You'll get better prices on option calls if you buy the supports rather than a confirmed break of the trend line, of course. (P.S. Goes without saying, but this is an idea only and not investment advice.)
AMEX:XLFLong
by ChristopherCarrollSmith
Citigroup looks undervalued, but too risky to enter hereI did a deep valuation analysis on Citigroup today, digging into their earnings reports for the last three years as well as analyst estimates for the next 4 quarters. Here are my conclusions. In forward P/S terms, Citigroup is nearly the cheapest it has been in the last three years. However, in forward P/E terms, it's nearly the most expensive it has been in the last three years. The valuation in P/S terms may be more important, because analysts expect the earnings numbers to climb steeply back up to meet the sales numbers within a few years. (Roughly 23% earnings growth rate expected in the next 4 quarters, and nearly 4% growth rate for sales.) However, there are risks. Analysts are predicting a steep drop-off in sales next quarter due to the pandemic's impact on consumer credit, which is sharply down. Then they expect sales to recover from there. However, an alternative scenario is that the pandemic is prolonged and we don't get a vaccine this fall, in which case credit might continue to deteriorate and Citigroup's sales might fall off even more steeply in Q4 than in Q3. I'm also worried about the outlook for the mortgage market. Current housing prices are artificially high, but there's a reckoning coming for residential real estate whenever Congress allows mortgage forbearance to expire. (Expiry is scheduled for August 31, but there's talk of extending it to next year.) If forbearance is extended, then renters and borrowers may not pay, which would hurt bank earnings. If forbearance is allowed to expire, then housing prices will fall and mortgage sales numbers will fall with them. Banks would seem to be in trouble either way, and I'm not certain analysts have accounted for this. Thus, I will not be entering Citigroup here. I expect the narrative around banks to remain negative for the next quarter as bankruptcy and default rates continue to rise and credit continues to deteriorate. There's a good chance we will retest the bottom near $36/share sometime in the coming quarter; if so then I will revisit the numbers on Citigroup and consider an entry there. (P.S. It's also worth pointing out that under normal market conditions, Citi's sales and earnings appear to grow linearly in dollar terms, which means that growth decelerates over time in percentage terms. In other words, Citigroup is not a compounder. That's reason enough to only trade this stock, not buy-and-hold for the long term.)
NYSE:C
by ChristopherCarrollSmith
14
Letting the Banks do what the Banks want to doBoom. Entering London Session. Im pretty bullish on this pair for the time being. DXY is shooting so its only right for this pair to drop. Im expecting for the banks to push price against the trend and then continue pushing up. I have a fib zone drawn on the four hour in which price is currently in. My entry is near the .618 zone as well as a QP. Hopefully price is pushed down this low because id be very confident in this entry. I have a pretty small first SL in the case that I enter the trade and if I am wrong. This is definitely a trade I feel I should take. We shall see.
Long
by RichCalvin