Warren Buffet recently reduced his exposure to banks stocks . How about counter trading him ? How about being greedy when he is fearful ?
Our view on this Stock for today Entry 49.73 SL 48.98 TP 388 ---- Stay connected with us for further trades Trading Kitchen
July 14, 2020 JPM will report Q2 earnings . The chart above lists the estimates and includes a technical analysis .
Like the airline stocks, big banks have all formed similar patterns leading into Monday. Funding seems to have shifted to the banks and airlines. Many banks will be reporting earnings this coming week, including JPM, WFC, Citi (not shown) on Tues. 7/14, USB and GS Wed. 7/15, and BAC, MS, and First National Bank (not shown) Thurs. 7/16.
Financials all showing similar charts descending wedge broke trend with RSI ahead of earnings. just my opinion not advise. negative market direction can make this move much less desirable IMO.
Bank shares ticked higher after passing Fed stress tests, and being given the green light to pay dividends BUT they still way behind the S&P 500 this year. Lots of room to makeup
$C Citigroup Pennant Breakdown - Bearish Options Activity $8M bearish options bet on $55.00 strike Jan 2022 puts traded yesterday. Expecting this to breakdown further leading into earnings mid-July. See chart for possible near term targets. Note: Not investment advice.
I'm new to all this- Please do your own DD and feel free to criticize my work.
I'm new to all this- please do you own DD and feel free to criticize my work.
Hi traders, Murphy says the very next time we decide to do something, it won't work. That's what happened to me on Wednesday as I re-entered Citigroup after missing a re-entry on Tuesday in PTON. Aaand ended with 2 losses. The day was even more painful because in UNFI I spotted 2 good opportunities - both of which worked - but did not get filled. A nice profit...
... for a 1.22/contract credit. Notes: Taking a small directional shot here in relatively high implied for a financial (42/53) that's been #CoronaHammered. Would also be fine with taking on shares and then proceeding to cover with a cost basis of 33.78, since it has dividends (4.4% yield).
after a strong bearish wave, we see a steady recovery on CITI. the price is steadily going up within a rising parallel channel called a bearish flag pattern. its called bearish because even if the sentiment is locally bullish, on a long run stock is falling and we keep our bearish bias. we don't know how long the price will be within, the only trigger for us...
Hi traders, Today I kind of repeated Friday - only one trade, but a great winner! If you take a look at the ticker, I could've got +4% out of it. Am I mad? NO!! I already got way more than I aimed for. Greed will not make you profitable. My trade: 1) NYSE:C - LONG @45.02 , I was cautious about the 45.60 area of the previous swing high, but seeing Citigroup's...
NYSE:C is likely to go up to the 50 area soon .It might even reach the 67 level if it is successful to close significantly above the 50 area in an upcoming day .
EARNINGS: And ... we're back into earnings season, which ordinarily kicks off with a bunch of financials. Generally, I don't play these for volatility contraction, since they don't get all that frisky generally, but this environment is a tad different from quarters past, with the 30-day in WFC (45/76), C (44/91), JPM (41/63), and BAC (40/70) all greater than 50%...
Citigroup looks ready to break out after a massive decline. Looking for a breakout above $44.50.