Thanks to @TORNADOF5 for reminding me about this.
A friend sent me a tweet last night about how banks are levered up on debt and that prompted me to look at the chart of KRE.
As you might remember, AMEX:KRE was one of the worst performing ETFs at the beginning of this year with the failure of a ton of local banks. But since earlier this year, I haven't...
BAC is showed here on a 100R(ange) where price action from the Covid lows to the federal
stimulus highs to the fade and consolidation of Summer 2022 to Summer 2023 and another
fade and reversal from it are seen on the chart. At presen, BAC has reversed upside. With
Uncles Powell and Sam announcing likely three rate cuts in 24Q3 and 24Q4, I see...
On the 15 minute chart the price action reflects the rough time that NYCB has had. Apparently it had a good rally to finish the week due to reports of floods of new deposits . Down the road
it may be a problem if premium interest is being paid on the deposits. In the meanwhile, I
see NYCB as taking back half of the trend down and floating up gradually into the...
A good earning report can pop the price of TSX:RY to the upper channel line.
3 reasons why?
1. A decisive move about the parallel channels line will signal the end of the correction marked by me on the chart as the abc correction.
2. But if the report is negative or more precisely the market view of the report is negative we could stay in the correction for...
Hi Fellow Traders!
The current trend indicates a bullish continuation pattern , characterized by the price making new highs and new lows. Following this, there is a significant breakout from the falling wedge pattern, accompanied by substantial trading volumes and the appearance of a bullish marubozu candlestick. Additionally, the Stochastic has also formed a...
BANK is tracking bank stocks within the NASDAQ. I cannot find if it is market cap weighted or
instead an unweighted composite I wanted to check this out to see if the banking sector might
reverse and perhaps have some trade candidates based on relative strength or even
rising trading volumes.
On the 15 chart, BANK's price is in a descending channel or...
New York Community Bank 🚨
❌Price takes out the June 2000 lows
❌Market cap falls from $9.6b - $2.82b since July '23
(over $6.7 billion of valuation lost in 7 months)
Is another Banking crisis on the horizon right before the Bank Term Funding program halts on March 11th?
Almost one year on from the U.S. Banking Crisis in early March 2023 and we are starting to...
Things aren't looking good for the banks, and ZION (Zion's Bank) missed on its recent earnings expectations. It's now nearing the top of an ascending wedge, and as many traders know, this can be a really bad sign for any stock, and could be indicating a coming trend reversal.
Watch the levels on the chart with the dashed white trend lines to help predict future...
Citigroup stocks hit highest since March 2022, last up 5% as brokerage Morgan Stanley upgrades NYSE:C to "overweight" from "underweight", as well as NYSE:BAC and NYSE:GS to "overweight" from "equal-weight".
Brokerage sees a rebound in capital markets amid growing signs of an imminent rebound in dealmaking. Also expects regulators to ease the Basel III...
NYSE:JPM is the last Bank that has been able to hold onto its Dow 30 component status. It is running up on a combination of buybacks and ETF development for Dow 30 index components.
The stock is over-speculated heading into the earnings season. Volume Oscillators show the extreme pattern clearly. So even minimal weakness in the earnings report could cause an...
Analyzing BAC Stock: Navigating Breakouts and Fibonacci Dynamics
Introduction:
Bank of America Corporation (BAC) has seized investor attention with its recent breakout from a falling wedge pattern on October 27, 2023. As we delve into the details, this analysis aims to provide insights into the stock's recent performance and chart the potential trajectory...
JP Morgan Chase (JPM) has been trading within a Channel Up pattern since the October 12 2022 market bottom. Currently it is on a relentless rally since the October 27 2023 Higher Low, which is technically the Bullish Leg towards the Channel's top and new Higher High.
The peak points of the previous two main Bullish Legs of the Channel Up, took place when the 1D...
Goldman Sachs - Triangle break to the downside on the weekly chart. 279 expected as first level of support.
This is not a recommendation to trade. Do your own research and decide on your own trades.
Citibank Opportunity - NYSE:C
Company Market Cap: $82.2 billion
Share Price Today: $42.68
Dividend: 0.53c per quarter (Annual Dividend of c.$2.06)
Annual Dividend Yield: 4.82%
Next Earnings Report: Friday 13th October 2023
Citibank (Citigroup) is the 20th largest bank in the world & a member of Global Systemically Important Financial Institutions...
Besides the obvious head & shoulders, as you increase the timeline from 1M to 2, 3 or 6M the more horrendous it gets.
Massive bearish divergence in RSI.
Price being rejected at the 25 MA, that will most likely lead to a death cross
MACD being rejected at the signal line after the inflated march 2020 pump (looking even more rubbish at higher timeframes)
...
