Bear Flag Building in FinancialsLooks like a pretty clear bear flag in XLF. Financials have lagged the broader market on this bounce and I'd expect them to break down first. Should be a fantastic short opportunity.
Financials
$GDOT can fall in the next daysContextual immersion trading strategy idea.
Green Dot Corporation has a strong downside trend.
Due to the huge market volatility and possible crisis, all financial sector falls.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $15,9;
stop-loss — $18,76.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Goldman Sachs ominously below 200IF you follow me, you’d know that earlier this week, I already saw the S&P500 revisiting and exceeding the last low. While the earlier part of this week saw a rebound, it is wide ranged and volatile. It is about time for a revisit to the lows, and did you know that Goldman Sachs (financials) are leading the way?
Technically bearish, GS is leading the reversal down...
SG DBS BREAKING DOWN DBS is very weak now. Having bounced off 25 twice in recent time, it failed to make higher highs, failed the 55EMA, and is likely to revisit 25.
MACD supportive of bearish bias.
Going for a bounce at 24.50, and to consolidate at 24 for deliberation of a possible major rally to 40.
New Tax Year To Complete This Pennant!?AJ Bell is big on their ISA products with lower fees than Hargreaves Lansdown. Since the stock market overall is booming and investor confidence is high, I think many will have maxed their 2019 ISA allowance and will be waiting to inject cash for this coming new tax year. More cash injected into accounts = more fees for AJB.
GLUU Price Target Going into Earnings Feb 5thPT $6.79 with $7.30+ on good financials, conference call / new game releases, news etc on Feb 5th, 2020.
Good news will send us to $7.30+
Stop Loss at $5.76
$KEY: Long term buying opportunity$KEY has a great chart here, trending in the 2-Month timeframe, similarly to $BAC and $SPX , I think it may be a great hold from here onwards.
It's at a good dip, near long term support, hard to beat the reward to risk ratio here.
Cheers.
Ivan Labrie.
Bank ETF Pulls Back Before EarningsBanks ended 2019 on a strong note as gloom toward the economy lifted and investors started to appreciate their low valuations. Now a key exchange-traded fund has pulled back to a potentially important level: The SPDR Regional Bank ETF .
KRE is holding the same $57 area where it peaked in February and November. The 50-day simple moving average (SMA) has also risen up to the same area, producing a confluence zone.
Stochastics are also showing a potentially oversold condition.
Earnings season next week may provide some catalysts as well. The reports begin with big names like JPMorgan Chase , Citigroup and Wells Fargo on Tuesday, with smaller regional lenders following soon after.
The recent Iranian turmoil has hurt banks, however the broader backdrop could favor them: Economic growth continues to improve and the Fed is keeping short-term rates down. That could steepen the yield curve , one of the key ways that financials make money.
Value investors might also like the multiples on banks because KRE's price/earnings ratio is under 13x, according to ETFdb. Compare that to 23x on the QQQ (Nasdaq-100) or 20x for SPY (S&P 500).
CWB: Upside Canadian Bank; Look Hard for Value in 2020CWB is mostly an "unheard-of" Canadian bank, but still 'big enough' to offer shareholders decent gains and capital appreciation. In-fact, it ranks as one of the top consistent dividend hiking companies with a streak spanning near 30 years - far better than any other bank in Canada/USA!
2020 will be a year where looking for value will be harder and harder as P/Es approach a whopping 30-50 on average for many companies, and P/Bs surge into double digits.
Some of my top value stocks include CWB, CU, Canadian Energy (SU, CNQ, ENB, TOU) and US Energy (FANG) and many precious metals stocks (or etfs, or the physical).
With low interest rates here to stay, I am not big on the financial sector, however, I believe investors will slowly realize soaring government debt will remain a disaster and never be paid back - as such, yields will rise, DXY will fall, precious metals and commodities will rise, and treasury influxes will decline. This should keep financials relatively stable in 2020 with perhaps a 5% gain (after we get out of the 2020 early short). This will also be the catalyst to let precious metals soar from 2020 and onwards, and allow energy stocks as a whole to rebound quite heavily in 2020/2021.
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Happy New Year Everyone! Invest smart and look for value.
- zSplit
XLF consolidation or will bulls continue to push upTICKER: $XLF
Unlike SPY and QQQ, XLF confirmed its daily bull flag. However, we did see a red candlestick on Friday 12/13 to close out the week.
Could this be the first indication of consolidation for the market? Keep in mind the financial sector is one of the top three section in the market.
Also keep in mind that we closed green for ten weeks straight (see weekly chart). Weekly RSI is approaching 70, but anything above daily support of $30.13 is just a higher low. Break 30.13 and it will be the start of weekly consolidation.
IMPORTANT: XLF is not at its all time high. We are in the resistance zone with XLF's ALL TIME HIGH being $30.97.
Pair Trade Setup : Short Sanlam vs. Long Standard BankSanlam has outperformed Standard bank by a margin of 27% from the lows we saw in May of this year. The chart of their relative ratios ( SLM / SBK ) has now approached an important area of resistance (0.46 to 0.477) which has been in place for the last two years. If you take a look at the individual charts of the underlying counters, one will notice that Sanlam has once again turned off important resistance levels between R82 and R85 while Standard Bank is not trading too far away from its 200 week moving average which has provided important support for the stock over the last two years. In Addition, the Standard Bank daily chart is trading in a triangle with support some R2 away from current levels. This would support my view on the pair trade as i believe that Sanlam will under-perform Standard Bank going forward, or at least, there is sufficient reason to believe that Standard bank has a better chance of climbing higher than Sanlam at this point in time. In Addition, the MACD indicator has made a lower high even though price made a slightly higher swing high which further reinforces my view that price action is weak and should see the pair ratio revert lower.
SLM -> PE ratio: 22.2x DY : 3.85%
SBK -> PE ratio 9.8x DY: 5.69%
From a fundamental perspective, Standard Bank's Price to Earnings Ratio is not demanding whilst also boasting a much better Dividend yield.
Suggested ratio entry point : 0.463 - 0.475
Suggested ratio stop loss: closed above 0.480
Suggested ratio exit point: 0.427 to 0.433
To be entered at a ratio of 1:1. i.e 100k nominal short position in Sanlam vs. 100k nominal long Position in Standard Bank.
Assuming we entered this pair at 0.465 today, used a stop loss at 0.480 and locked in profits @ 0.43, we are risking a move of 3.2% against us to make a potential profit of 7.5% for a risk reward ratio of just over 2.3x
Weekly Financial Sector AnalysisBearish divergence on Finance Stocks. Pick large cap top performers in Finance sector with your favorite sell/short signals.
XLF Forms Bullish Ascending Triangle In Daily ChartWhen you see the SPY forming a bullish ascending triangle that is great! But when you also see the XLF forming an ascending triangle, you know that the likelihood of the market going higher is good.
REPOCALYPSE NOW!This is serious. Find out what 'REPOCALYPSE' is about. Protect your positions very carefully.
Get real - I don't know when it's happening nor does anybody else.
REPOCALYPSE is not just doom-saying stuff, though it might appear sensationalist. This is reality mates.
Those who keep there heads in the sand and do not take protective actions will be flushed out.
DISCLAIMER: All statements here are over-simplifications of very complex issues, and are speculative opinion. This is not constructed as advice for making decisions about trading in securities. Your losses are your own.
Declaration : This post is consistent with Tradingview's house rules on text-based analyses.
JPM possible short setup going into earningsJP Morgan is ranging from the past three months, and its at the highest point in the range.
Stochastic indicator is entering into the zone
If it closes below 117.23 i.e the next support level, will go short with risk:reward of 1:1
Financials Due for a Quick Bounce Off SupportI'm not sure this is bullish long-term, but do expect a $3 bounce near term for financials as this pattern sorts itself out.
Possible AUD/CAD Short Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-3 Days
Actions on -
A – Activating Event
Market will meet resistance in zone @ Current Levels - .... and fall to the 0.892 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 0.892
FX:AUD/CAD
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.892
Target 2 @ ....
Risk/Reward @ 3.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
TESLA continuation of previos roadmap!So guys here it is my new chart for TESLA continuing previous road-map from last chart, following nicely except of big pullback because of the news of quarterly earning that pulled down the price to 220$ levels but, thats I think good think cause give us a little windows to hop back in to LONG position again.
I personalty did snatched a little at 235$ level didn't get lower but for now holding with the stops just bellow that price, or if you got in at 220$ STOP there.
So if we follow first wave purple like on previous chart and hit 260$ level we pass 50% fib that I think will be our sign and decision for future, here we will have up or down movement long term.
1. GREEN wave first sell target at around 78% fib and previous wiggle around level 330$, then second sell target at previous 2y HIGH at 390$
For getting these levels I think that we have to have change of sentiment for TELSA as for now is bad because of all financial problems TESLA company is going trough and off course Elon Musk himself.v If we get a turnaround we could easily hit those sell points.
2. As for RED wave we could surpass 50% extension, retest it, and then fall back down to 200$ and then further to 170$ish levels where will be our firs buy zone ad if we even fall further to previous support (ORANGE line) we hit buy zone II. and from here we should go up with best RR ratio for next wave up, and very nice profit!
Lets see what would sentiment be, and driven by that more than technical analysis price will hopefully follow my road-map and we will act accordingly.!
Thanks for support, likes, and following!
Very much appreciated!
Stay in green, peace!
