Banks
Ugly Chart and Bad Fundies for BanksExpecting something like this to play out with KRE (regional banks). So many headwinds for banks going forward, even if we avoid any further Corona problems (big if), we are expected to be in a zero or negative rate environment for years to come. Just look at what happened to Japanese and European banks under those conditions for long timeframes. It's not pretty.
Plenty of room to the downside after breaking through the primary wedge support line. Next stop looks like $33 area. Would expect some sort of bounce there before resuming downtrend to test the march lows.
Position:
12/18/20 25p
Would reassess if genuine reflation and growth begins in the economy. Long duration on the option so even if next move in stocks is upwards I plan to diamond hands these.
DAX Has More Upside Potential! BUY GER30 Hi traders we have another contraction and expansion strategy here with 5 triggers and the final one has been completed with a pull back to 61.8 Fibonacci retracement after yesterday's rally and we are seeing the market now on the verge of resuming it's recovery after the huge drop we had during the COVID-19 period and I think there's a very good chance that we will see an upside move in the next few days!
Good luck and good trading guys
XLF - banks not looking good 6-12moPotential for a fakeout here but my hypothesis is that we see new local lows on XLF by the end of 2020. You may think the banking sector looks poised for a rebound if you look at the weekly candles, but the monthly candles look like this dump could just be getting started.
Short XLF
Entry: $23-25
Stop: 26.50
Target: $18.50 - $13
Assess in October, adjust 18.50
Ugly price action in some of the most squeezed sectors in EuropeEverybody forced into chasing "junk" and showing bosses they had "deployed risk" - ugly price action in some of the most squeezed sectors in Europe, banks, autos, travel and leisure...all down 4-4.5%
SX7E turned right on the 100 day moving average.
RBL bank : Buy and Hold for months !!Hello friends, it takes hours to analysis charts bt likes take a second if you really like my ideas then like us and comment us for any queries.
If you are a CNC lover then you can invest in RBL, Now it's below the lower value and after continuously dropping and makes 0.618 fib level completed their 5 the wave.
Now its time to move toward control price Expecting good returns from it !!
All fib levels are targets
Thanks
Like, share and comment
Wells Fargo $WFC is bottoming?It broke the downtrend line got above 50SMA and pulled back under 50SMA till to downtrend line. RSI is just above 50 and if it succeed to hold above the uptrend line the target price will be $30.46
12 month consensus price target is $39.11
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
Remittent 10-Year Journey of Turkish Banks #1 (Akbank)
Akbank, one of the largest banks in Turkey have devalued -86.18% in last 10 years against United States Dollar .
Even though most of the Turkish Banks are listed cheaper than a bottled of water, why foreign-investors still keep liquidating their positions?
There have been many political, economic and geopolitical changes since 2010 in Turkey. Whilst these have been never seemed an issue by Turkish people, liquidation of foreign investment capitals from Turkish Industries proves that we are getting closer to the light at the end of the tunnel.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
USDCAD short - Supply Demand - h4 - Next setupHello Traders!
Cheers on the last USDCAD Analysis. It hit our Take Profit and now I got a new setup for you.
Price formed a new Supply Zone. If we will get a nice h4 candle close in the Supply Zone i expect the price to drop.
#1 target is the Support Level
#2 Target is the Demand Zone
Trade with Price Action Confirmation as always.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time
- Darius.
The greatest PONZI scheme in historyNever in human history have so many been plundered by so few. And the crowd cheers...
"Paper is poverty. It is only the ghost of money, and not money itself." - Thomas Jefferson
"In no country of Europe," a delegate noted, "is paper money legal tender, but only gold and silver coin."
US constitution section 10 article 1:
"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."
They try to make those that say it is in the constitution that FIAT isn't legally money look like idiots, they call them conspiracy theorists.
Isn't that what this article says? Either way, the ponzi scheme - which the US government accounting agency has called unsustainable for decades (every year they publish a report where they say the same thing) - is about to collapse.
The scam has been made complex enough so very very few will understand it, and the few that do understand it can be dismissed as "weirdos" and "pariahs", which luckily for the banks is already the case since the smartest people in the world, the 1 in a million are by definition alone misunderstood and appear weird to common folks.
I can't explain this perfectly, and the greatest obstacle, the reason why this ponzi scheme has kept running so long is because people are too dumb to understand it, and don't care but they don't care because they don't understand how hard they get scammed.
I posted this several times but it's never super clear.
I found a clean video where it gets explained quite well, and on top of that he manages to resist the urge to get arrogant or insult the public, which is completely impossible for me.
"The Biggest Scam In The History Of Mankind - Hidden Secrets of Money Ep 4" by MIKE MALONEY.
And not just for novices, I recommend this to every one that hasn't watched it yet.
We really have to get rid of our bank overlords.
Here is a list of some countries spending to GDP. France is at the very top of the list of course, they almost make the USA look reasonable.
tradingeconomics.com
There is a bigger list on wikipedia.
Capitalist countries steal the most from their population to "redistribute" (redistribute to the public what they stole from the public one way or another).
Socialist countries steal the least from their population to "redistribute".
Biggest scam I have ever seen in history.
Haha France is the biggest spender but the shithole with the largest deficit is... tada! Venezuela!
In 2020 I expect the USA to steal the top spot in both categories from France & Venezuela.
The USA have not just robbed their own people, but also the whole world (because the USD is the reserve currency), so that scam is going to collapse too...
They have taxed the world for decades, and when that falls alot of indirect income is gone. Which will make the depression much tougher for them. And interest rates are already at zero.
It's an absolute catastrophy for this country, they have no way out. It's going to go boom!