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Bank of AmericaLooks like we are at a higher high on the weekly and daily timeframes. Bank of America is a nice safe stock in my eyes. Although we are in a season where alot of shopping will go on, I can see this being bullish for banks and other holiday related tickers. Bank of America holds a high position in many prominent portfolios including my Uncle Buffet's. I want to see if price can continue trading above the 20 and 50 ema. Say if there is a pullback i'd at least feel that a 38% is realistic on the daily timeframe. If it surprisingly pasts that support level, price could reach the support that was created back in July of this year. Let's see what happens. Alot of credit cards will be swiped this season and for swipe a BAC customer pays, BAC will charge a surcharge to the business for every transaction that is made. Looking forward to a nice but slow ride. Good luck!
NYSE:BACLong
by Redimere_91
1
Bitcoin (BTC/USD) Daily Chart Analysis For October 23, 2021Technical Analysis and Outlook: As to technical analysts, the next drive higher will meet the target of Key Res $65,990, and retest of completed Inner Coin Rally marked the same. The downside support is Mean Sup $57,400 and Key Sup $ 53,900. However, the present fractal model suggests that the next significant target of interest will be the Impending Outer Coin Rally marked at $81,330 - Flagged by Trade Selecter many moons ago.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For October 23, 2021 Technical Analysis and Outlook The next drive is the target of the Inner Index Rally $4,650. The possible retest of Mean Sup $4,485 is mid of conformation: Aggressive buying is preferred at this level unless otherwise specified. The present fractal model suggests that the next significant target of interest will be the Inner Index Rally marked at $4,650, along with the future Next #1 Outer Index Rally $4,775, and Next #2 Outer Index Rally $4,925.
SP:SPX
by TradeSelecter
Futu Founder Leaf Hua Li Apologizes over System Failure"We are sincerely sorry, and we humbly accept all criticism and advice. We will make relevant improvements immediately." Future founder Leaf Hua Li publicly apologizes for the interruption of the morning of October 9, 2021. "We are sincerely sorry, and we humbly accept all criticism and advice. We will make relevant improvements immediately." Future founder Leaf Hua Li publicly apologizes for the interruption of the morning of October 9, 2021. On October 11, 2021, Futu Holdings Ltd. founder Leaf Hua Li issued a signed article, apologizing to the public for the transaction interruption in the early morning of October 9, 2021. He highlighted three points in his apology. Several brokerages, including Futu, experienced network failure in their engine rooms due to power stoppage. Futu contacted the operator for repair and was able to resume core services within two hours. First, Hua Li addressed the compensation issue for near-exp options' value zeroing. Futu has already started contacting its clients regarding this issue and will negotiate and make customized compensation plans. Second, Leaf Hua Li addressed the problem with the disaster recovery system. Hua Li emphasized that Futu's system implements disaster recovery and a dual-channel redundancy design, from market quotation to transaction, server to transaction gateway to network transmission. Leaf Hua Li said, "This incident took hours to fix, which provided us with a lesson and much insight." In addition, he made it clear that Futu will prepare and include a backup solution that deals with transaction performance, order delay and supports cross-IDC. If a similar incident does happen, Futu could shorten the repair time to minutes. Leaf Hua Li made the last point about the asset display issue. Many clients could not see their position and asset data during the interruption. The system failure severed the connection between the MooMoo APP and the background data, which caused panic as the interruption zeroed users' front-end display. Hua Li promised to improve the performance of the MooMoo App and its relevant services.
NASDAQ:FUTU
by EqualOcean
ES - 4441.72 or 4442 Chart LISFor the S&P 500 to commit an over-throw again would not be unusual. It would, however, need to occur during RTH as opposed to Globex. Globex would be a very clear SELL Signal on yet another False Break. Dollar Tops have been called for Months on end... to no avail. Bonds have been called the Go-To Easy Money for Months on end... The ES is no different - Financials are truly the only Sector holding this up. TSLA is the last man standing and we will be entering the SELL Side again shortly for the reaction @ 800 has been instructive so far, we'll see if it continues to hold. Elon's nothingness was telling and the BS about record Sales, just that complete BS. Doge Father is a Circus Carnie nothing more. A Compaq Schlubb whose dancing reminds me of "Elaine" - disturbing. When everything must GO for 4/5 - The Financials and Tesla will follow. Make no mistake about it.
CME_MINI:ES1!
by HK_L61
2
$XLF: Long financials now...We have a tremendous signal to go long financial names now, as the yield curve is set to steepen once again and yields are rising on the back of the last FOMC meeting outcome, and the reopening momentum generated by the evolution of the Delta variant, and news of an antiviral pill from Merck that can cause a 50% reduction of fatalities and hospitalizations that recently surfaced. Charts are very constructive, as the $USB one I pointed out. I'm currently long a variety of value/financials/energy names as well as crude oil futures options for a while now, since AAII readings sunk below 25% recently. Now the broad market chart looks like a bottom is forming, and today a buy signal popped in $XLF, so the time is now! Cheers, Ivan Labrie.
AMEX:XLFLong
by IvanLabrie
5
$USB: Monster setupAll timeframes are setting up for a big move in $USB here, daily is kicking off a fresh uptrend after the recent bottom, weekly and monthly are about to trigger a trend as well, and by EOY the yearly will flash a 10 year uptrend signal which aims for somewhere between $220 and over $1600 per share by the year 2030. I think overall, the return vs risk proposition here is tilted significantly in our favor to buy both speculative swing positions, as well as potential long term positions too. Keep a close eye on this setup, might be extremely rewarding and it is extremely low risk considering the potential upside at hand... Cheers, Ivan Labrie.
NYSE:USBLong
by IvanLabrie
S&P 500 Weekly Daily Chart Analysis For September 13, 2021 Technical Analysis and Outlook The Spooz is currently in a downtrend. Forecasting a drop to Mean Sup $4,385 : a strong buy providing ample opportunity for loading-a-boat for resurgence to retest Mean Res $4,4 80 and follow through to Key Res $4,537. The subsequent significant outcome is Outer Index Rally marked at $4,626 to follow. See the 'Weekly Market Review & Analysis For September 13, 2021" page at the usual site for the rest of the market story.
TVC:SPX
by TradingSig