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Financialstocks

Blackrock at key supportAs you can see, the price has respected the 200sma (blue) since the break from Covid lows. Risk-reward-ratio presented is interesting as you will figure out if you are right or wrong pretty quickly; especially since the Bollinger bands have been contracting as we have consolidated. Trade setup: Target around $1000 for profit-exit. Loss-protection exit 1-2% under the 200sma. Fundamental Analysis ' - The $TNX (interest rates) has broken out which is positive for financial institutions. - There is a cyclical tilt to the market as high valuation companies in the technology sector are hit hard. * Note: Earnings are starting at the end of next week for the financial sector.
NYSE:BLKLong
by dorfmanmaster
BANK Nifty AnalysisBank Nifty has broken the major support at 38380, the lower trendline and 50 EMA. PSAR has also turned Bearish. With COVID Mutant Variant spooking the markets, it could further pull the marker down. Bank Nifty can find support near the support zones listed in the chart or EMA or Base Lower Trendline and bounce back. Failing to do so can further cause correction in the index. Plan Your Trades Accordingly. So as of now we can see weakness in Bank Nifty in the shorter term.
NSE:BANKNIFTYShort
by tradewidmufeeth
1
Standard Bank looks very cheap....Standard Bank is far from a “quality” company, and they arguably have several structural headwinds over the next several years. Nevertheless, the company seems to be trading at a discount. Standard bank suffered a +/- 55% reduction in their annual earnings per share from 2018 – 2020. This has resulted in the annual debt to EBITDA more than doubling from 2019 to 2020. The price to book ratio is trading at 1.19 which is comparable to where it was at the height of the Global Financial Crisis in 2009. Standard Bank has flagged higher earns alongside a brighter outlook for earnings growth. Standard Bank has announced that its half year earnings in 2021 was x3 that of the first half of 2020. All things considered, it appears to be cheap with a lot of the bad news already having been priced in. The share price has yet to recover to where it was before covid struck. It looks like a good entry point into a cheap company that just needs to do the basics right. Lets see how it pans out. Please like and follow. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader. Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
JSE:SBKLong
by JesseMorgans
US30Hey guys, just an update from my side since we had our FOMC statement and press conference by FED chairman Jerome Powell. The FED hinted that they are positive that the US economy is growing stronger, "With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months, but the rise in COVID-19 cases has slowed their recovery.", even if it's not optimal but should grow as they contain the virus. A vague directive was also alluded to regarding the monetary policy, "The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With inflation having run persistently below this longer-run goal, the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and longer‑term inflation expectations remain well anchored at 2 percent. The Committee expects to maintain an accommodative stance of monetary policy until these outcomes are achieved.", this doesn't give investors the needed confidence to hold their long positions and we may see a continued downward movement and this is not a major sell off but a mere correction in the market. They also alluded to the fact that they may start their tapering process soon (likely to have a timeline in the next meeting) "Since then, the economy has made progress toward these goals. If progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted." Taking this few points into consideration, I am still waiting for a retest of the broken structure as well as the order block that was left untested. I believe we will see a downward movement 33270 in the remaining half of the month into November. Out of the 10 most weighted components of the Dow on two we down and not significantly either (UNH -0.83% & AMGN -0.49%) and these two stocks are only 2 of 4 of the components that are down so it is important to be cautious when selling too. Keep the risk minimal! Do me a solid, like & comment on the ideas I post and follow me for more. To read and interpret the statement for yourself please view it here: www.federalreserve.gov This analysis does not constitute financial advise but rather an analysis & interpretation of financial instruments.
OANDA:US30USDShort
by Austin_Palmer
4
$UPST - Is this just the start?!?!This is a hyper bullish count, but considering what this name has done recently and the massive increase in guidance from management, this is far from impossible. 1) Either we have completed a primary 5 wave structure, giving us wave 1 of the cycle around 300 (in yellow) and will now begin a cycle wave 2 that could take us to between 84-135, before a wave 3 takes us to a mind boggling value of 550-600 (white dotted line)....I don't wanna get ahead of myself, but a full completion of this count takes us to 800+, and more likely closer to $900+. This hyper bullish scenario could play out if Upstart is truly the disruptor it claims to be. OR 2) We are in a triple nest which is currently playing out with cycle wave 3 (yellow count, but 3/4/5 are not complete yet), a primary wave 3 (red count, w3 not complete yet, targeting ~400) and an intermediate wave 3 (pink count) which just reached its 161.8% target of ~290. From here we could see a retrace for primary W4 to around 235-210, before we reverse for a intermediate wave 5 and head back to ~400 to reach the primary W3 target (red count). The interesting thing about this is, when you take the red count to its final wave 5 target, you end up at 560-600! this is the same range as W3 target of scenario 1. Regardless of how you count is, you end up at 400, then 600 then 900. The key is, do we hold 235-210, confirming that we are in the triple nest, OR do we fall below 200 and back down to 135-84, confirming that we have just completed cycle wave 1 at 300. Basically, this is looking like a massive opportunity with buy zones at 235-210 and 135-84. Give this name a couple of years and see where we end up! BTFD
NASDAQ:UPSTLong
by ir-rizzle
1
S&P 500 Weekly Daily Chart Analysis For August 30, 2021 Technical Analysis and Outlook Our Inner Index Rally of $4,545 was hit on Thursday. The Spooz is currently in a tight trading range, and we are awaiting intermediate confirmation of the trend. However, a drop to Mean Sup $4,469 is a strong buy and provides ample opportunity to load the boat for resurgence to retest undeveloped key resistance and completed Inner Index Rally. The subsequent significant outcome is Outer Index Rally marked at $4,626 to follow. See the 'Weekly Market Review & Analysis For August 30, 2021" page at the usual site for the rest of the market story.
TVC:SPX
by TradingSig
Citi Holds the 50-day SMAFinancial stocks have bounced in the last two weeks, and Citi is one of the biggest members of the group. A few patterns stand out on the banking giant’s chart. First is its breakout above the 50-day simple moving average (SMA), followed by a pullback to hold that line. Next is the late June highs around $71.50, near the current level. Third, notice how the 8-day exponential moving average (SMA) is now above the 21-day EMA. This may indicate shorter-term momentum has grown more bullish. In addition, MACD has been rising for almost a month. Overall, C is one of the weaker names in the financial space. However this current setup may offer more apparent entries than stronger stocks like Goldman Sachs and Wells Fargo . It also stands to benefit if the current rotation toward value continues and the Federal Reserve tapers (as officials like Raphael Bostic and Richard Clarida have suggested this month). TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:CLong
by TradeStation
1
2nd Day Testing Fib Resistance On LMFALMFA has some pretty well established levels if you look beyond that one big spike earlier this year. With the 786 fib line showing to be a strong pivot, the stock has stalled twice now, failing to hold above this level. It was strongly denied this week and looks like the follow-through momentum just isn't there to finish out the week. However, bigger picture the stock is still significantly higher than where it was in late May . Remember what Bruce said in that first ER: “Revenues from our community association receivables business declined as we continue to develop a digital asset technology strategy to unlock the potential of this business...We expanded our core business of buying discounted debt and collecting it through court proceedings with the Borqs transaction. We entered the Borqs transaction projecting to net $2 million and we were pleased to realize a $5.7 million return.” Quote Source: 4 Crypto Penny Stocks to Watch Under $5 Right Now
NASDAQ:LMFA
by PennyStocks101
Payment services at the centre of attentionThe fight against cash is continuing all over the world and in this context of economic recovery the increasingly basic payment services certainly play a fundamental role in the daily life of every individual. Online payments, in stores , in supermarkets are increasingly digital and because of electronic tools and Fiserv with its worldwide presence does just that, provides banks and institutions the right means for the continuous digital challenge related to finance of our century. The Market Miracle advisor generated an entry signal for Fiserv Inc. where capital seems to be coming from the world of corporations the target is expected to be 118.43 USD In the months precedence the interest in the Stock has been shown from part of the institutions but now this has attenuated and the price has been diminished leaving space to new investments. The price of the company would appear to be below its fair value by more than 13 % Analyzing on the chart you can see that the Sentiment market is good and the price is close to some supports, this could give momentum to a price increase in the next hours or days. This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
FLong
by MarketMiracleAdvisor