Financials
Inverse head and shoulders on WATCHComplex/ Simple forming / ON WATCH.
Breakout w/ close >≈3% confirms pattern valid. PT 7.75
Fundamentals provides safety. Very Strong balance sheet and increasing inst ownership.
Heading towards levels seen before 2008's crisis Banks earnings, Trump and the Fed drove XLF back to where it was before the major financial crisis of 2008.
10 Years later, will history repeat itself?
MASTERCARD (MA)The Current stock price is above both the 150 day and 200 day moving average.
The 200 day moving avg line is trending up (for at least one month)since October
The Current stock price is trading above the 50 day moving average.
The current stock price is at least 30 percent above its 52 week low. (appox 40% above it's 52 week low)
The current price is 95% of it's new high.
Credit Suisse
Rating since 10/12/09 OUtperform
TheStreet
Rating since 07/31/09 BuY
Ford Equity Research
Rating since 12/01/17 Strongbuy
MarketEdge
Rating since 12/01/17 Long
QD - Chinese Microloan Unicorn. +100% upside potential1. ER report +320% earnings growth (want played out)
2. Traders are scared of "data leak"+"regulation" will bring company down to zero. Thats why company lost 30% valuation on premarket. And got back to -3% in same day.
3. China wants to regulate "micro-loan industry". That was played out bearish, but it is actually bullish. China wants to BAN small and bad companies - competitors of QD. Means more profits for QD in future.
4. No serious risks in China Crysis in near term future (look at Tencent earnings report), economics might actually boost from here and now.
This will eventually end up 30+. When? don't know, but i think here is the bottom.
XLF - Ascending channel, brokeout of boxXLF broke out of 10 month range. Now in an ascending channel.
JPM - Ascending channel, found support on bottom of channel.JPM in a strong ascending channel on the 30min chart. I would long any bounce off of the bottom channel, just like what you see now(10/29).
Long Position on Ethereum (30%)Notice the .50 Fib level respected & decided to take that as "confluence" for a continuation of the up trend. Make take days before it unfolds but never the less should gain value as bitcoin's arises.
Room to run for VisaVisa experienced a breakout on the weekly chart, breaking a trend back to January 2014 (nearly 4 years). If shares can maintain the resistance-turned-support trend line, shares are heading higher.
OSCI ready to mine gold?It has been a long road and you can see part of that under the $PYHH idea I previously published. $OSCI has filed a large number of financials in the past 2 days and I'm expecting them to go current on OTCMarkets.com followed by some news and hopefully production ramping up. We've seen a lot of activity over the past few months on the property, mostly posted to www.facebook.com
NOAH HOLDINGS PLC SHORT TERM SHORT, SEEKING LONGFUNDAMENTALS/FINANCIALS
Analysing the financials of this company, it is clear their assets are growing year on year between 10-30% and there revenues are also increasing. They seek to open branches in Canada, Australia and other discussed locations. As an asset management company, it is vital to ensure profits or "Revenues" are increasing whilst assets under management "AUM" also increase. China are currently seeking to invest outside of China as there are some restrictions. Chinese high net worth individuals are on the rise more than any other country in the world, this provides business for Chinese asset managers which also operate outside of China. NOAH HOLDINGS being listed on the new York stock exchange allow a further expansion over seas. NOAH HOLDINGS market cap is currently at US$1.78 billion with a P/E ratio of 20.28, which gives the Holding an estimated market value of US$36 billion. NOAH HOLDINGS also completed a repurchase programme of US$50 million, this demonstrates the commitment to it investors and potential growth in revenues and sales profits, it is also a possible sign of strength and shareholders optimism. Based on financial analysis, the fair share price is around US$28.00 per share, currently trading at a premium. If price does breach below this level I personally believe US$24.50 a share is a key holding level. To summarise, the financials and fundamentals around this company and the industry, economic standpoint is all very bullish. The company is healthy.
TECHNICALS/PRICE ACTION
As analysed on the chart, we have strong resistance around US$33.00 per share, we have a bearish harmonic formation with price bouncing on the upper channel line. An "ABCD" formation has been completed at the 1.318 extension level. The stochastic demonstrates overbought (in line with the financial analysis of price trading at a premium). There are multiple scenarios. However, my main position will be to enter long around US$28.50-US$27.00 per share (on Bullish PA confirmation), if price breaks below the channel and key holding level of US$25.00 per share then I will be out of this trade. However, as it stands from US$28.00 my target will be US$35.00 to US$40.00, possibly higher.
***PLEASE BE AWARE THIS IS JUST AN IDEA, IT IS NOT MY ACTUAL TRADE, I SEEK ENTRY AROUND THESE LEVELS IF PRICE DOES DEMONSTRATE BULLISH PA, THEN I WILL BE EXECUTING THIS TRADE. TRADE AT OWN RISK.***
Looking at Bitcoin & pointing for Major support areas for priceFibs and support working together providing high reward low risk setups.
Short FinancialsChart is fairly self explanatory. Target on the HVF has been met and price action now looking toppy with dollar collapsing. Financials need to retrace to 23.5 at the very least, although would expect more depending on rate hike narrative
Before taking a trade, always determine the risk/reward.Before taking a trade, always determine the risk/reward ratio and ask yourself if is it even worth taking a trade is risk is higher than reward.
BNED Short Trade IdeaLet the alerts do the work for you while you are spending some quality time with your family.
XLF surges on House vote repeal Dodd-Frank, but don't buy.Dodd-Frank got closer to being repealed and likely the Senate will follow suit, from what I he been reading. However, the financial sector is facing a wall of delinquencies as the rate continues to climb. That would be a far greater market mover than the repeal of the legislation that would ultimately prevent financials from getting a wall of delinquencies. It is kind of ironic, if you think about it.
I am more interested in selling financials and this may be good starting point to enter a short. The financials are facing dire times ahead. This is a short-term boost that allows a short seller a better vantage to sell.
Neutral trade on KRE (25 delta Strangle)KRE is a regional bank ETF, after a strong impulsive bull run, it looks like KRE is starting a correction. With a IV rank of 34 is at least decent volatility to try a neutral trade. I sold the 50/56 Strangle (25 delta) and collected $1.33 per contract.
With 64% probability of profit at expiration we need the price to stay between $57.34 and $48.67 which is a little over the expected move of 39 days.
Potential Sell Zone towards FOMC24-25$ is a potential Sell Zone that includes:
1) Weekly Structure
2) Bearish Crab
3) The 78.6 Fib level (reversal level)
A close below 23$ can provide the confirmation signal - In such case, XLF target will be 21$
Barclays ready to break 3-month rangeBarclays has been in this range since December. I see prices moving lower before tracking higher to the psychological 250.00 level
XLF. Welcome to hell!I will try to call a multi-year top on the XLF fund. Will short from 25, targeting... Probably, 12.
But my main question is: was the whole movement from 2009 to now a wave 1 or it was a B and we still wil see a Wave C? If that was a B, then we can probably say: welcome to hell, banks! Hope you enjoy your stay here
$ZION Has a huge upside with the slightest De-Regulation They might be in the best position to profit with any compromise to Dodd Frank. Right now systematically important banks are categorized as any banks with over 50 billion dollars AUM. Zion is around 64 Billion which means the narrowly made the cut. Because of this they have hired hundreds of staff positions to deal with compliance and paperwork. One popular measure that seems to have bi partisan support is increasing that threshold from 50 billion. If this is the Case Zion will have a huge cost reduction which will increase its already significant profits.
