Banking
MONEY ZONES into 2021 ADAA slow conservative approach to technical growth
.20 - .25 = x4 / 2021
If we don't continue with a rising wedge we will have a triple bottom and a very fast impulse up. 3 years of consolidation and build up just means more power over time.
Anything is possible when 2023 comes.
Especially if we are above .25 in 2021
.05 price today @ 100,000 ADA = 5K USD
5K today (could) make you 100,000 dollars within a 10 year span
Hindsight 20/20 just keep swimming and work on more than one avenue in your life.
GS Goldman Sachs: $245 artificially undervalued towards $1,000new markets new customers when the rich becomes richer and the rise of middle class require more banking needs
Goldman shall dominate this space in the next decade.
That liquidity from the FED and make America great again shall benefit strong hands
Price action wise it's a Parabolic to fresh highs
--
LOADED for the long run
warren may just mark this up to $300 to make a statement
REMINDER: this listed most issues and as underwriter packager
it knows how to surprise the PUBLIC
Canadian Banks (UPDATE)Canadian bank stocks haven't really moved in 2 years. This consolidation has confused both bulls and bears, but it will come to an end by the end of this year (2020). Breaking above the all-time high will be a big buy signal, as it will indicate that the cyclical bull market is still intact. However, breaking below the major upward trendline will confirm a change in trend. Current the bias is to the upside, but this can quickly change if time runs out and price doesn't make it above the all-time high.
Based on my own fundamental analysis of the Canadian banking sector, there are significant problems brewing that could heavily impact equity values. Bank assets that are included in this bank index are mainly composed of speculative loans (+75% of bank balance sheets) to the real estate and financial sector. In China it's the opposite situation, where most bank assets are held by corporations who are engaged in some kind of productive activity. Thus, in Canada if there is a shock in the asset values of the speculative assets underlying the loans it will have a severe negative impact on Canadian bank equity.
Also, remember that Canada's yield curve is currently negative. This is a big sign of a recession ahead for the country. Households are holding a significant amount of debt (almost the highest ratios in the world), and are staring at some of the highest asset valuations in history. Moreover, manufacturing is contracting. There are no industrial policies in Canada at the moment that could counteract these trends, and it doesn't seem like Canadian governments are shifting away from laissez-faire policies.
PS. If you found this idea useful/interesting be sure to follow me on my Twitter account where I post more frequently. The link can be found on my TradingView profile or @ErikFertsman.
Lloyds - Banking on a move higher.Buy Lloyds Banking Group (LLOY.L)
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company's main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment.
Market Cap: £40Billion
Lloyds gapped higher this morning and looks set to close outside of the wedge pattern that has formed on the daily chart. A continuation higher looks possible. The next major resistance to target is 66.8p.
Stop: 55.5p
Target 1: 66.8p
Target 2: 73.50p
Target 3: 80p
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Happy anniversary Bitcoin.From a 1989 article in the The Wall Street Journal, by Victor Niederhoffer, speculator:
Speculators don't only create bubbles (not sure short term speculators make bubbles happen, they might actually smooth them).
The Federal Reserve was created by a US president to separate the money supply from the government.
But they ended up being control freaks very destructive. I'll make another idea more detailed on that, in particular on the Bretton Woods system.
Satoshi in his white paper, published 11 years ago, said:
And 6 months later he said:
"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust."
I do not know a single Fiat currency outside of the British Pound that stood the test of time.
And just 4 months after this, Bernanke told US politicians
"The Federal Reserve will not monetize the debt". Because it was temporary apparently.
Today the FED has pumped the stock market to a point where the rich are so rich and the poor so poor than 1/3 of US citizen get in debt just to eat (corporate buybacks did not help).
Europe is not better. Some countries even have negative interest rates and they are looking into "deep negative" rates, like -10% a year.
The IMF has a guide on Enabling Deep Negative Rates to Fight Recessions
www.imf.org
The central banks are debasing currencies. And it's actually hurting the 90%. They keep pushing this pyramid scheme up.
The problem is, a peer to peer system can't even fight those low IQ central authorities, because they are just going to ban it.
They're going to have to end up in jail. The UK drifted to the right, the US drifted right, but also left, actually very far left it's scary.
Those central morons that think they are helping (are they really that stupid? It has to be intentional) won't stop, and won't let people save cash, buy gold.
So maybe citizen voting far left or right is necessary. But do those politicians understand they have to get rid of the central banks (or reduce their powers)?
All I hear is "white man bad, rich people evil, let's stop progress" it's like none of them has a clue what the real issues are.
Bitcoin reached a point where it went into a mania attracting alot of gullible unskilled speculators excited by stories of "Bitcoin millionaires".
The tech reached its saturation point, it can't scale further, and there is very low interest in using it as a viable currency.
I hope it will remain in history as a great prototype and not just a speculative bubble that cause "innocent people" to lose their shirts.
Bitcoin ended up being a ponzi/pyramid scheme, with early adopters making a huge amount of money on the back of late adopters.
But anyway, it possibly opened the way.
Central banks have done so much harm. Over and over. Just like governments trying to prevent traders from trading or forcing prices.
Take the example of oil demand being high on the east coast because it's terribly cold, and demand is very low on the west coast.
When the government forces a price, traders have no incentive to buy cheap on the west and sell high on the east (as price is not moving even with supply and demand varying).
And so on the west coast they warm their swimming pools they don't use, while on the east there is not enough Oil for everyone and people are cold.
I could list so many examples. Over and over same story.
Perhaps we could evolve into having currencies that are not completely controlled by some central authority.
The gullible victims that are dreaming of lambos would really love to see their favorite ponzi scheme be bought by everyone (greater fools).
But I have a better solution: The free market. Let's let currencies not be controlled in such a way, or very minimally, let's let the stock market not be controlled, and let them fluctuate naturally as they should.
Ultimately it does not even matter what currency we use, it's just a number to help make things convenient, to help with trade. As long as it has the basic qualities it's all good.
Central institutions hear about Bitcoin and immediately they want to control it... Risible...
Crypto gambling moonboys don't care of course, but using a crypto will serve no purpose if it is fully controlled by a central bank.
What we really need is to get rid of ultra controlling and manipulative central authorities. Central banks power must be reduced. Governments too.
Their role should be of regulation, administration, resolving conflicts, governing the military (with limitations)...
Not manipulating and spending like degens.
Look around, there are great examples of centralized systems, decentralized ones, and mixed. But I think the best ones are a fusion of both.
Just some examples off the top of my head...
Central powers have to stop sticking their filthy paws everywhere, preventing innovation and causing poverty and generally pain & destruction.
Let people with a financial incentive to do good, participate freely in the economy.
There is no simple workaround. We have to get rid of all controlling central authorities. No alternative. Just like Ron Swanson said.
Satoshi was right. We need to get rid of central institutions.
Bank Stocks: Bullish breakout. Strong long-term Buy Opportunity.BKX (Nasdaq bank index) has just broken above the Lower High trend line (dashed lines) of the 1W bearish (pull back) leg within the greater pattern of the multi year Channel Up since 2012. The technicals have turned bullish on 1W (RSI = 59.797, MACD = 1.140, Highs/Lows = 5.1079) and even the RSI is on identical levels with the last time a similar break out took place in 2016.
We are expecting a fairly similar bullish break out on the long term towards 140.00 - 149.80 (Target Zone).
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RBS - Set to correct lower?Sell RBS (RBS.L)
The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands, including Ulster Bank and Coutts.
Market Cap: £29.13Billion
RBS appears overdone in the very short term. The shares have benefitted significantly form the rally in GBP over recent weeks with a 30%+ rally from the October lows. The shares have rallied into an unfilled gap at 247.4p, which was created on the 26th April 2019. This also corresponds with a 78.6% Fibonacci retracement level from the highs at 266.1p on the 17th April to the lows at 176.6p on 15th August 2019. The looks to be a reasonable level to take some short-term profit or initiate some speculative selling. The bearish looking candle on the daily chart adds further weight to the bearish argument.
Stop: 250.5p
Target 1: 232p
Target 2: 217p
Target 2: 197p
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BB&T Gann ProjectionsUse the low of 0.50381626 ; use the high of 29 & project out from there and these critical levels present themselves
acknowledge the strength of these gann levels
manage your own risk
gl hf
xoxo
snoop
SPX 500 Index, Daily Chart Analysis July 25Technical Analysis and Outlook
The S&P500 index closed higher and by doing so, obsoleted the relatively weak Key Res 3016 . The higher-range closure sets the stage for a steady to higher advancement towards the Inner Index Rally 3040 , and ultimately to the Outer Index Rally 3125 (The sixth phase). Currently, there are no significant resistance levels: the downside there is established Mean Sup 2976 , and distance Key Sup marked at 2914 .
VAKBN, Key LevelsFollowing the 425 bps rate cut by the CBRT, the whole banking sector react positively, VAKBN, in particular over extended compared to its sector peers.
Trading roughly around 5.09 TRL in the afternoon session, the equity leads banking in performance intraday. The equity could trace back to support at 4.83 TRL.
Summing up, the conviction is orientated around VAKBN overreacting to the central bank news.
EUR/USD, Daily Chart Analysis June 21Technical Analysis and Outlook
It seems like we have a currency war. Euro Dollar sank after dovish Super Mario - Draghi comment and surged after dovish Fed chair Powell remarks.
The short-term surge of the Euro Dollar trend sentiment remains semi-bullish and current rebound is producing push into Outer Currency Rally $1.1376 . The relatively weak Mean Res $1.3333 will be a showdown of this fake push towards higher prices, with aged Key Res $1.1410 looming above.
On the downside, there is a Mean Res $1.1193 a distance away, while the significant Key Res $1.1330 is sitting below.
Regions Financial looking bullish in adjusted channelI've been closely watching Regions Financial. Originally I charted a steeper upward channel for this stock, but after today's moves I've adjusted my chart and am feeling a lot more confident about the pattern here. The question now is whether it will ultimately follow the horizontal channel or the upward-sloping one. Look for about 15.10 before it comes to a decision point.