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$KRE massive H&S top?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 heard much talk about banks being in trouble. Well I pulled up the chart, I was surprised to see a massive H&S top forming. If price breaks $37-38, then I could see a big move down. The first target would be $29 and if price gets under that, it could get really bad. Could see price making it all the way to the lower support levels. Let's keep an eye on this because it'll be a great trade should it play out.
AMEX:KREShort
by benjihyam
3
BK The Bank of New York Mellon Options Ahead of EarningsIf you haven`t bought BK before the previous earnings: Now analyzing the options chain and the chart patterns of BK The Bank of New York Mellon Corporation prior to the earnings report this week, I would consider purchasing the 60usd strike price Calls with an expiration date of 2024-7-19, for a premium of approximately $1.22. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:BKLong
by TopgOptions
Macro View Shows 2-4 Month Max And Then It Starts!Traders, Some rather ominous signs are showing in various markets not least of which includes the U.S. housing market. As you know, we have been periodically tracking the USHMI as a key leading indicator to show us where and when our coming U.S. (perhaps global) recession begins. We are close if we have not already begun, but I imagine there will be no ability for denial in about 2-4 months time. Before then, markets may continue to blow off and I still expect Bitcoin to hit our 85k target. Today we'll review our USHMI chart along with other key charts for further clues mapping future trajectory.
ECONOMICS:USHMIShort
by stewdamus
Premium & Discount Price Delivery in Institutional TradingGreetings Traders! In today's educational video, we will delve into the concepts of premium and discount price delivery. The objective is to provide you with a comprehensive understanding of institutional-level market mechanics. Before we proceed, it is crucial to define what we mean by "institutional level" and "smart money," as these terms are often misunderstood. We will also address the common misconceptions about who the liquidity providers are in the market. By grasping these foundational concepts, you will gain a new perspective on the market, realizing that its movements are not random but calculated and precise, orchestrated by well-informed entities often referred to as smart money. If you have any questions, please leave them in the comment section below. Best Regards, The_Architect
Education
by The_Archi-tect
10
KRE: Regional Bank Collapse?Financials have been demonstrating some interesting price action. We believe financials in the near term could be in for some choppy negative price action. With yields now sitting at support during the recent selloff, banks haven't done all that well. Were now at a point in the inflation fight where we could experience an upside move in inflation. We just witnessed today the Canadian CPI came in much hotter. To make matters worse, were at a time when central banks like the ECB, BOC, PBOC, BOJ are all loosening policy. However this very laxy=daisy policy is what caused Oil to bottom on June 4th. Oil has since moved up 13% in 2.5 weeks. This will likely cause yields to have upward pressure since its inflationary to the economy. If the US CPI comes in hotter expect no 2024 rate cut...banks would hate that. Im eyeing the head and shoulders breakdown.
AMEX:KRE
by Trading-Capital
Bullish potential detected for WFCNYSE:WFC represents a potential bullish opportunity should momentum continue and newer highs be made. Entry condition: (i) breach of the upper confines of the Darvas box formation - i.e.: above high of $61.76 of 23rd April. Stop loss for the trade (based upon the Darvas box formation) would be: (i) below the support level from the low of 3rd May (i.e.: below $59.12) - most conservative exit, or (ii) below congestion area composed of volume profile zone and rising 10 day moving average (i.e.: below $60 area).
NYSE:WFCLong
by Ivory_Wolf
WAL Western Alliance Bancorporation Options Ahead of EarningsIf you haven`t bought WAL before the previous earnings: Then analyzing the options chain and the chart patterns of WAL Western Alliance Bancorporation prior to the earnings report this week, I would consider purchasing the 52.50usd strike price in the money Calls with an expiration date of 2024-6-21, for a premium of approximately $6.35. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:WALLong
by TopgOptions
#FED causing Commercial Real Estate/ Banking CollapseCommercial real estate "..talk of black swans of an economic nature forcing the Fed to print trillions again. Commercial real estate may be the next domino to fall. Back in 2008, default rates rose to 9%, up from 1%, as interest rates rose. Today, the damage to commercial real estate loans which total about $2.7 trillion could be far greater. Over 40% of the US work force now works remotely since May 2020. The decline in demand for commercial properties has worsened by recent tech layoffs. The value of office sector REITs have fallen by about 55% which translates into a 33% reduction in the value of office buildings. The default rate of between 10-20% in commercial real estate which was the lower end seen during the worst of 2008 would result in about $80-160 billion in additional bank losses. This would be ruinous for hundreds of smaller and midsize regional banks that have already been weakened by higher interest rates. The 2008 financial crisis spread from the housing sector to the rest of the economy as large banks with exposure to housing took tremendous losses. Today, the Fed has created a moral hazard in guaranteeing depositors. Bank executives may take bigger risks if they believe the Fed will step in to protect depositors."
NYSE:AREShort
by BallaJi
#Bitcoin if Banks go Bust (Ciao Draghi)Watch the video and original text here: News: ''Italian Prime Minister Mario Draghi has tendered his resignation after populist coalition partner Five Star withdrew its support in a confidence vote. The former head of the European Central Bank (aka SUPER MARIO of Printing) has led a unity government since February 2021. However, the president refused to accept his resignation.'' In the meantime EURUSD is not 1.40$ anymore, it's 1$ Protests in Holland remind us of the 'Great Reset' that WHO has announced To make things worse, the perfect storm is complete with the Ukrainian war and Europe's dependency on Russian energy. Ask the Germans for example. So what happens to Bitcoin if the situation goes out of control? There is a previous, very real very bad example of a small European nation going bust: The 2012–2013 Cypriot financial crisis . Also known as the 'Cypriot Haircut': No insured deposit of €100,000 or less would be affected, though 47.5% of all bank deposits above €100,000 were seized. They said it was exposure to Greek debt but in reality it was an attack on Russian money being laundered in the island. This is what happened to Bitcoin then: In other words: situation is becoming scary in Europe. Bitcoin could be a good way to prepare for the worst. That's my personal opinion. Let me know your thoughts. One Love, the FXPROFESSOR
BITFINEX:BTCUSDLong
by FX_Professor
95
JP MORGAN -15% correction very likely.JP Morgan Chase (JPM) has been trading within a Channel Up since the October 12 2022 market bottom. Friday's high is technically at the top (Higher Highs trend-line) of that Channel Up. The 1D RSI sequence is similar to the one that led March 06 2023 High and subsequent correction. As you can see, every Higher High rejection (two so far on that pattern) has corrected by around -15%. As a result, we expect a minimum pull-back, below the 1D MA50 (blue trend-line) and towards the 1D MA200 (orange trend-line) of -14.77%, giving us a target of 173.00. That would be exactly on the 0.382 Fibonacci retracement level of the last Higher Low of the Channel Up, similar to March 23 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:JPMShort
by TradingShot
1
Lloyds Bank Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-23-2024 Strong downtrend with RED TrapZone established for days now. Price is retracing a bit with GREEN UMVD coming in now. Bunch of Trapped Buyers !
LSE:LLOY
by SnowflakeTrader
SBI Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-17-2024 RED TrapZone with Divergence after Green UMVD. Lets see what shows up after the divergence on UMVD.
NSE:SBIN
by SnowflakeTrader
ICICI Bank Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-18-2024 GREEN UMVD pushing the price UP with a strong RED TrapZone at the moment. Immediate support around 975 price area
NSE:ICICIBANK
by SnowflakeTrader
SOFI: Bearish until channel is broken convincingly Sofi does banking differently and has great potential, but it is still a bank and banks are not a great investment right now. I don't see the price getting above the channel anytime soon. But that doesn't mean the stock is untradable. There are a couple of bearish scenarios at the moment. 1.Crash now: In this scenario price is on the intermediate C wave. In that case wave 3 should be in progress right now and price should be taking a nosedive. Breaking $6.4 will confirm the scenario. 2. Crash later: In this scenario price should complete Minor B wave triangle for intermediate wave B. In this case price should move sideways for a few more weeks before making a move higher to test the upper range of the channel. The channel might get broken as a fake out move before heading south. Until we see another all time high on SOFI, bull case is an alternative scenario for the moment.
NASDAQ:SOFIShort
by mukit1