idk75757

idk75757

I'm simply posting this chart as a reminder how far Citigroup (C) has fallen since its 2008 highs. Rising long rates will benefit the banking sector as banks borrow short and lend long, keeping the spread. Even though the stock has doubled off the lows, it's still priced at 1.0x book (cheapest in the sector, JPM is 1.7x book) and Barron's thinks the shares could...

idk75757

After a 50% bounce from last Sunday's Bitcoin bloodbath, the bellwether cryptocurrency is consolidating near all-time highs. This flag pattern is typically resolved in the direction of the last move - in this case, that means higher.

idk75757

S&P 500 (SPY) Vol is in the gutter, and Nasdaq (QQQ) options have a bit more premiums. This suggests that option sellers should be focused on selling QQQ puts if they expect higher market prices in the near-term.

idk75757

Sunday's drop in Bitcoin brought it to a 38% Fibonacci level at $1850. This is also a price level of consequence as Bitcoin found support at May's resistance.

idk75757

Last month’s Bitcoin bear market witnessed an approximate peak-to-trough drawdown of 38%. The chart pattern resembles a bungee jump, if the jumper started getting closer to the ground after feeble bounces. Plunge, bounce, then deeper plunge. If bear markets are anything at all, it’s that they are never orderly. On Sunday, however, the pace of selling...