Get started

Financials

SVB Crashing and burning to $33 - Here's why SVB Financial group has had a major Inverse Cup and Handle forming over the last few years. Today it broke below the brim level and has confirmed strong downside to come. Price<200 - Bearish RSI<50 - Bearish Target $33 WHAT HAPPENED? Silicon Valley Bank's parent company, SVB Financial Group, saw a 60% drop in its shares after launching a $2.25 billion stock sale to recover from declining deposits from tech start-ups. They admitted to losing about $1.8 billion on the sale of securities, which led to a huge loss in their market capitalization. This event also caused other financial stocks to decrease in value, highlighting how rising interest rates can affect net interest income at other banks. On Thursday, the four largest US banks lost a total of $52.4 billion in market value.
SShort
by Timonrosso
$IBKR forms weekly shark pattern NASDAQ:IBKR may be one of the leaders of this sector. Back in February of 2022, the relative strength ration with AMEX:XLF showed a bullish divergence against the stock's price; soon after, the stock bottomed and since has rallied +50%. The $80 level is key and the price has formed a shark pattern near it. As the stock is in an uptrend, I'll wait for the breakout above $83.20. For a daily analysis, please refer to the link I left of one of the analysts that I follow closely.
NASDAQ:IBKRLong
by dpuleo19
Argentinian Banks Present Us w/ a Short SignalI've been watching Buenos Aires based bank stock BBAR for a while now, ever since I noticed that it was the Argentinian ADR with the closest correlation to the Merval. I noticed it coiling up for some event that I wasn't paying too much attention to (the World Cup-- please, don't judge, I'm an American) and ever since Messi scored those goals Argentinian stocks have gone absolutely vertical. FOMO set in quickly, and I've been salivating at a topfish for the past couple months. Head and shoulder after double top after false breakdown after moving average crossover. But finally I think we can see the triple top on all of these names. Shown here are BMA and GGAL, but really this applies to all these ADR's, such as YPF and TEO. The Merval itself reached a double top. Why? Listen. Argentina's economy has a bright future because of its natural resources and work ethic, but man does its fiscal situation need some paternal scolding. Join currencies with Brazil? Don't strengthen the peso, other countries love your cheap exports! Anyway, the market is communicating this message to us. If you'd like to profit from this disfunction, now is your chance. Hopefully after this short's performance Direxion will create a 3x Bear Argentina MERVAL ETN.
NASDAQ:GGALShort
by sdeutsch95
My thoughts on Goldman Sachs going into the Earnings Weekly Timeframe After a challenging start to the year, the company's stock bottomed out at around 280$. This level was tested three times before the stock experienced a month-long rally. The bulls exhausted at around 350-360$ after which the price went on to make a higher low. There it formed a new demand zone and rallied again reaching 2-3 standard deviations and setting a new high. After that a retracement and consolidation, at around 340-350$, bouncing from the 20-period moving average and the 0.5 Fibb level. The RSI has remained above 50, forming three consecutive higher highs and higher lows. Suggesting that the upward movement is likely to continue. Daily Timeframe The price has consolidated and found a support zone. The 14-period RSI broke its trendline and is now moving upward. The MACD line crossing above the signal line also adds confirmation to this potential reversal. Overall, it looks like the market is primed for a strong trend in the coming days. Going forward… on the Daily Chart… Thanks for reading The Seeker! Subscribe for free to receive new posts and support my work. In early November, the price broke its previous structure and has since made higher highs and higher lows. The potential for a new high and a move above the 390$ level looks promising, with a solid risk-to-reward ratio.
NYSE:GSLong
by RickHardyPro
JPM Nov18 140/Nov 25 136 Diagonal Call High Base Setup: Financials have a +1 outlook this week and JPM has had a nice run higher the last few weeks. It's made it to 135 which was one of my resistance points and now looks like it's basing here in this area. I decided to get in now, even though we need to see a minimum of 5 days basing, just because it's had a lot of good upwards momentum. Either way, it should base here in this area before making its way higher. Not setting up for any stops since im positioned for max loss. My 140 target was determined by going back to the end of March and saw that it based in this 140 area last time. Could be a small supply and demand zone again which is why I decided to put this trade on for a week, worse case I'll have the 136 strike until next Friday Trade Setup: This recently made a new swing high and is currently trading above it's 50-day SMA. Although the consolidation has not yet brought this back to the 9-Day EMA,, I should have waited for it to catch up to the stock. I think I'll still have enough time anyways. The last three days it's consolidated somewhat in a range of relatively equal pivot highs & lows. Volume has been trending down the last 3 days as well. T.E.S.T. So Ideally I'd want this to make it to 140 by late Thursday or Friday to reach its apex. If it pulls back, I'll have another week. My entry was at 135 and have no stop cause I'm set up for max loss. Profit Score: Potential 5.00 ATR 3.16 Score 1.58 Stock Outlook: +1 Trade Management: If this gets' to 140 by Thursday afternoon or Friday morning, I'll close it out. If it pulls back, I'll have the 136 Strike until next Friday. I'll consider a re-entry if it turns out to be a Bull Pull Back.
NYSE:JPMLong
by MMOTA_
False Breakdown in Bank of America?Bank of America lost more than 40 percent of its value between February's high and this morning’s low. Is the megabank now showing signs of a bounce? The first pattern on today’s chart is the early drop to $29.31. That was BAC’s lowest price since December 2020, but it lasted less than 30 minutes. Prices turned green by 10am ET and quickly surpassed the previous session’s high. The result was a few possible reversal patterns. First is today’s bullish outside candle. Second, you have a false breakdown to new 52-week lows. Third is the potential double-bottom at the July lows. That’s especially visible on the weekly chart, which also shows BAC holding support from early 2021. The next pattern to watch could be the falling trendline along the highs of September 20 and October 4. This, combined with the support level from February 2021 of $29.57, create a narrowing range. Traders may look for a potential breakout, especially with quarterly results due the morning of Monday, October 17: TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:BAC
by TradeStation
JPM (double) BottomingWe are forming a double bottom patten at the 61.8 Fib Retracement level just 5 days before earnings.... Sentiment is weak despite significant boost in Net Interest Margin. Inverted Yield Curve and collapse of capital markets and mortgage activity does not bode well for JPM however I believe this reality is already priced in to the stock and we are set up for a nice pop. JPM is obviously a blue chip company and down almost 70 dollars from the highs. I will be trading this with a tight stop against the long term up trend line and the fib retracement but this could be a great entry for a long term position as well.
NYSE:JPMLong
by FatTail1972