Can see afrm possbily getting a push towards 88 R above 84 , 88 follows . 95 - 104 resistance lvls follow above, likely these are just dead cat bounces and this will continue to fall.
Upstart is right at our dip buying opportunity -- I'd buy with your stop loss at 191. Target is 270-310!!!! If this falls down even more than the 190 lvl we're looking at 173.. -- If we break 170 area then we go to the 130 support next.
Previously I wrote a brief note explaining caution for the US Banking industry as illustrated by XLF. This is due to: - market risk of a broader market pullback - as currently being experienced - impact from Covid-19 variants like Delta etc., - the cumulation of record high bank reserves (cash) which serve to stress Bank Capital and Capital adequacy ratios....
Relatively speaking, $SPX is till kind of weak, but I'm slightly bullish towards the end of Thursday. I sold Sept. 15th $4435/$4440 put vertical for $1.1 credit.
Removing some indicators to eliminate some noise. Break out of channel invalidates trade, looking for a move to middle of channel Entered 10/15 240 Call and 230/225P bull credit spread
There is a classic saying that credit markets tend to lead equity markets. The rationale is that credit investors are solely more concerned about downside risk (as they worry whether coupons will be paid and whether they will get their principal back at maturity) and measure risks and determine spreads - over the risk free/benchmark rate - by factoring in the...
Forecast for Macro: - Falling Wedge Breakout must be re-tested. - Bear Flattener coming as short-term rates rise with Fed tightening expectations: - 2x ATR spike in US02Y: - The Fed members will probably all have their turn to make comments, leaning hawkish. This should cause a rally in the US02Y. - Bonds Volatility Technically Bullish: - However, this will...
As Volumes begin to dry up and Seasonality begins to take hold as Euphoria morphs quietly into "Fear" the ES will begin a large retracement. Globex has been another Low Volume affair with the Retail Chasers continuing to BTD with diminished conviction. The chart remains in a Bull Trend, with extreme divergences. We are preparing for a very nasty 10% correction,...
In additional to Wells Fargo - more than one dozen additional Banks have reduced Lines of Credit (LOCs) - the prior contraction in Personal Credit occurred two weeks before the previous Retracement South. We anticipate the Net Effect will be Negative with an abrupt reduction in M2 into the end of August.
$EDU short put vertical 73% PoP for credit at support New Oriental Education & Tech Group had a big move and a big correction. It's time to playing some bullish move. Weekly timeframe: Oversold on weeky and on daily too, sitting on the bullish trendline. Daily timeframe: Oversold too, bullish divergence. Playing short put vertical here, because...
Idea for TLT: - Short downtrend which retested median line high. - PT: 112 GLHF - DPT
Idea for MBS: - Mortgage Backed Securities bubble is about to pop. GLHF - DPT
Idea for LQD: - Investment Grade Credit possible Head & Shoulders. - Short PT 111. GLHF - DPT
Idea for HYG: - Top of the range, rising wedge. - Short TP1: 77. - PT 67. GLHF - DPT
Idea for IEF: - Short the downtrend, Head and Shoulders likely. - TP1: 108 - PT: 100 GLHF - DPT
Max profit: $291 Probability of Profit: 64% Profit Target relative to my Buying Power: 41% Max loss with my risk management: ~$200 Req. Buy Power: $709 (max loss without management at expiry, no way to let this happen!) Tasty IVR: 53 (high) Expiry: 43 days Buy 1 SQ Jun18' 190 Put Sell 1 SQ Jun18' 200 Put Sell 1 SQ Jun18' 290 Call Buy 1 SQ Jun18' 300...
What an amazing week it has been for ETH and the Ethereum Community, there has been some serious shockwaves with the announcement of adoption by major banks to use the ETH2 protocol as a transport layer between private blockchains and CBDC's, the European Investment Bank just announced they are using Ethereum smart contracts to issue €100m bonds in conjunction...