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Financialstocks

$30 in SightI'm looking for at least $30 in my case I need at least $30.10 for a call I made. My call closes Sept and it didn't take long to near my goal. The fear of yield curve inversion is legitimate but nothing is as quick and basing previous experiences on one indicator (which could be skewed based on current events: China, Brexit, the Fed etc..) Most of the times from what I've gathered inversion brings about ATH's at least within the year. HOLD and try and play the game if you're down. I might consider a short position soon.
NYSE:BACLong
by DanielsDisaster
A Look At The Bigger Picture For InvestecInvestec plc is an international, specialist bank and asset manager that provides a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa, and Australia as well as certain other countries. Investec plc is the controlling company of the majority of the group's non-Southern African operations. Technicals I have indicated the monthly structure in black and the weekly structure in pink. I expect the weekly structure to complete after either 3 or 5 waves to the downside and will be looking to trade the long from the end of both waves. Wave 5 of the weekly structure has a really good target and I will not miss the entry after a reversal confirmation.
JSE:INPLong
by Linton_White
Discovery Correction With Big TargetsDiscovery Ltd. is listed on the Johannesburg Stock Exchange and is an integrated financial services organisation, specialising in health insurance, life assurance, wellness, investments, savings products, short-term insurance and credit card products. Technicals The corrective structure indicated above has targets of between 19000 and 21000 which is a long way up. We are in wave 3 of a possible 5 of the correction. I will be looking for wave 3 to break the low of wave 1 before looking for reversal signs to enter the long. Happy trading! Linton
JSE:DSYLong
by Linton_White
Cash money, but just how much?For those following the Financial Sector two big dates are coming up fast for Citigroup ($C): The 26th of September next week, when the Fed decides rate raising (decreasing/no hike) and mid October when $C and other banks report earnings. The Sept 21 - $72 strike was just too tempting at $0.20/contract. Now that Citigroup, $XLF and the market in general is heading north, should gains be cut and collected today, tomorrow or are we gliding to the weekend on the wings of euphoria? $C beaten down MACD converged bullish, and the buy rumor sell news still has about 5 more days before expiration (unlike the Sept 21 contracts). The resistance at the $71.5 strike seems to be the only remaining obstacle before a short-term run on $73. As always, do your own due diligence. -Bayarizard
NYSE:CLong
by Arizard
XLF Has Its Pre Financial Crisis High In SightsThe popular ETF, XLF follows the financial sector and after weeks of selling, it looks to have found support and be gearing up for a big move indicated by the Weekly Squeeze coiling for the past 8 weeks, with the momentum shifting to bullish this week. If you take a look at C (Citigroup), it too has a Weekly Squeeze. If you take a look at it on a Daily it also has a Squeeze which looks like it will fire long. If this move for the financial sector plays out long, I would expect a retest of its high back from January (30.33) then a retest of it's high of 30.84. This high (30.84 - May 28, 2007 - 11+ year ago) is an important one because this was the peak of the financial sector ETF ( XLF ) before the financial crisis of 2008.
AMEX:XLFLong
by TheCryptosaurusRex
US Financials Sector Under PressureWe have updated our monthly publication - US Sectors Relative to S&P500. It is an overview of the major US sectors, and covers, amongst others, Consumer Discretionary, Consumer Staples, Energy, Healthcare, Technology and Financials. Within several ratings changes, we have Downgraded Financials to Underweight. On an absolute basis, the US Financials ETF XLF is showing signs of exhaustion. Prices are correcting back from the March highs at 25.30, with focus now on the 22.55/57 break level from November/December. Falling momentum studies suggest risk of a break beneath here, with subsequent focus then turning to the 20.00 break level. Relative to the US S&P500 Index, price action is also looking vulnerable. In the coming months, we see further Underperformance as institutional investors reduce exposure. Individual names which are currently under pressure include Bank of America Corp (BAC), Citigroup Inc (C), Goldman Sachs Group (GS), JP Morgan & Chase Co (JPM), Morgan Stanley (MS) and Wells Fargo (WFC). However, several names are managing to hold on to their relative strength. Investors who are maintaining a Financials portfolio are currently seeing safety in for example, American Express Co (AXP), BlackRock (BLK), Berkshire Hathaway (BRK), Moody's Corp (MCO) and Prudential Financial (PRU).
AMEX:XLF
by Michael_Macdonald-XATSUK