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You Think a Bank Going Up 18% in 1 Day is Normal? LOL No.We saw a hilarious 7%+ rally in the last 25 minutes in the US indices and Canadian markets but that's all it will end up being - hilarious. This was nothing more than a mega algo pump for cheap short accumulation and this will come home to roost in a likely Monday and Tuesday historic bloodbath. I mean lets be honest, do you really think a Canadian bank could legitimately pop 18% in a single day? That my friends is what we call a total joke. Please visit my ideas below to see what I believe will happen, why and the timing. Overall, we will see VIX shoot past 90 and financials and energy sectors will get completely obliterated (amongst the entire market). We are about to witness a historic crash like no other with the years of malaise like the dotcom bubble, but the 50% severity of the financial crisis. - zSplit
TSX:TDShort
by PaulDeep19131
5
Chart of the Day 3/3: Avoid Banks, this time is differentAs we contemplate the convergence of long-term US rates with that of Europe and Japan as well as the Japanification of the global economy, it is useful think about the potential impact on banks. Yes, low rates are not good for banks and as we have seen in Japan, perpetual low rates does not equate to an increase in velocity of money. That chapter in financial textbooks need to be re-written. This series of charts will look at the American, European and Japanese banks and this time it is REALLY different. Not in a good way. As you can see, banks are testing long-term post GFC support levels. The key difference is, the last few times the banks tested trend line support, the stocks were oversold. This time, as you can see, banks are overbought on a weekly basis testing long-term trend support. Whether this is bank-specific or a prelude to the wider trend, the jury is still out. This much I will say, the Americans do not know what they do not know in relation to the Covid-19 situation in the US. For an economy which strength has been measured largely by increases in temporary employment, this is an interesting situation to be in.
TSE:8306Short
by WellTrainedMonkey
Chart of the Day 2/3: Avoid Banks, this time is differentAs we contemplate the convergence of long-term US rates with that of Europe and Japan as well as the Japanification of the global economy, it is useful think about the potential impact on banks. Yes, low rates are not good for banks and as we have seen in Japan, perpetual low rates does not equate to an increase in velocity of money. That chapter in financial textbooks need to be re-written. This series of charts will look at the American, European and Japanese banks and this time it is REALLY different. Not in a good way. As you can see, banks are testing long-term post GFC support levels. The key difference is, the last few times the banks tested trend line support, the stocks were oversold. This time, as you can see, banks are overbought on a weekly basis testing long-term trend support. Whether this is bank-specific or a prelude to the wider trend, the jury is still out. This much I will say, the Americans do not know what they do not know in relation to the Covid-19 situation in the US. For an economy which strength has been measured largely by increases in temporary employment, this is an interesting situation to be in.
EUREX:FSTB1!Short
by WellTrainedMonkey
Chart of the Day 1/3: Avoid Banks, this time is differentAs we contemplate the convergence of long-term US rates with that of Europe and Japan as well as the Japanification of the global economy, it is useful think about the potential impact on banks. Yes, low rates are not good for banks and as we have seen in Japan, perpetual low rates does not equate to an increase in velocity of money. That chapter in financial textbooks need to be re-written. This series of charts will look at the American, European and Japanese banks and this time it is REALLY different. Not in a good way. As you can see, banks are testing long-term post GFC support levels. The key difference is, the last few times the banks tested trend line support, the stocks were oversold. This time, as you can see, banks are overbought on a weekly basis testing long-term trend support. Whether this is bank-specific or a prelude to the wider trend, the jury is still out. This much I will say, the Americans do not know what they do not know in relation to the Covid-19 situation in the US. For an economy which strength has been measured largely by increases in temporary employment, this is an interesting situation to be in.
NASDAQ:BKXShort
by WellTrainedMonkey
DXY long, EXPLAINED, Market behavior, CorrelationHello Traders ! What is the DXY? It is an index of the value of the United States dollar relative to a basket of foreign currencies. The Index goes up when the U.S. dollar gains strength (value) compared to other currencies. Why do we need to analyze it? Actually I like to have a look on the DXY because of the Correlation. So the DXY is nice to use when we are trading XAUUSD, EURUSD, AUDUSD, GBPUSD. Usually when the DXY goes up, the mentioned pairs will go down. Chart Analysis: Actually we see a very nice Up Trend Trend Channel and we could see that the price reversed from the daily resistance. I also marked on the Charts my Supply and Demand Zones. Now the price dropped and formed a new Demand Zone. After such a huge drop we can expect at least a correction. Also very nice is that we have there a h4 Demand Zone. From here I expect the price to go up. My current Target would be the Supply Zone marked on the Charts. That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions. Thank you and we will see next time - Darius.
TVC:DXYLong
by DariusFxTrading
Swing Trade or Weekly 138 PUTS - low cost, low risk tradeThis trade does not have strong signals for puts. Price is at top of cloud and 10sma is over 20, but 20sma has crossed below 50 (yellow arrow). RSI dipped below 50 on 2/18 and is back over today, which is bullish. If stock turns then RSI and Stochastic will both dip below 50 (green arrows) That said, today's Fed minutes or any economic news (credit bubble, rates, repo lending, etc.) may cause selling after a strong run up and some claim stocks are "propped up" right now. I am keeping stock on watch list for a swing trade. I opened weekly 137 puts at 37cents, and I exit position if stock trades over 138.50. Keep trade size small. If I hold overnight and stock opens higher I still lose only a small bit of principal. If stock drops back to 20sma or to recent gap, my return on capital will easily be over 100%.
NYSE:JPMShort
by OptionsRising
XRP MAJOR SELL OFF INCOMING! 0.30$ TO 0.16$? SHORT CRYPTOS XRP has only just broken even with a previous buy trade banks had running, by them breaking even with this buy trade allows big banks and institutions to now put a huge amount of sell orders in. Price should go all the way down to 0.16$ to take out lows that still have liquidity. Furthermore, there is a lot of imbalance that needs to be fulfilled @0.22-0.21$ so this could be our take profit one. However I do see price coming down to 0.16$ and maybe even further down.
BITFINEX:XRPUSDShort
by SniperSingh
5
6000 employees cut from UnicreditAnother bank, the same story "The Italian bank may lose as many as 10,000 staff in a new strategic plan." It just proves that the banking sector continues to suffer... only a few will survive. For that, they need to restructure and optimize the service. UniCredit joins other large European banks slashing costs and reducing job numbers as they seek to adapt to low-interest rates that make it harder for lenders to increase revenue. Deutsche Bank AG plans to cut 18,000 positions in a sweeping overhaul, while Societe Generale SA in April announced plans to cut 1,600 jobs globally and exit capital-intensive businesses.
MIL:UCG
by Market_Referee
What happened with EURUSD (EXPLAINED and WHAT NEXT)Hello Traders ! We have seen EURUSD dropping a lot today. But WHY? Actually we have seen there a nice daily level of support which was broken today. Also a Demand Zone. The thing this the Demand Zone became a Supply Zone due to the pressure from the sellers and pushed the price to the downside. We have seen that on the news today. They were good for EUR but it went immediately down which indicates us the pressure from the sellers. What Next? My thoughts are that the price will go up to the Supply Zone again. I don't see the Supply Zone very strong because the h4 close shows bullish pressure. We are right now at a daily level of Demand which is very strong. From this Demand Level I expect in all scenarios a push to the Upside. This Up Move is still confirmed by Elliot Wave. The question right now is: Will it drop again from the Supply Zone? The answer to this question can only tell us Price Action . We need to watch it carefully. Also consider that all the retail Trader will short the EU at the resistance line which was the previous daily level of support. My thoughts are to buy at the daily level at the bottom and to swing trade EURUSD to the upside or to scalp it till the Supply Zone. Let me now in the comment section below your view on EURUSD and what you think about my Analysis. Please leave a Like Thank you and we will see next time - Darius.
Long
by DariusFxTrading
4
Oil Reversal Pattern, Daily Fake Out?Oil has been on a very prolonged downtrend after the market calculates affects on Chinese oil demand as parts of the country shut down. Last week the highways in and out of Beijing were shut down. It is very likely the coronavirus numbers are much worse than are reported by the Chinese government. Oil here is showing an exhaustion in the downtrend. We seem to not be making anymore lower highs...or it is tough to make a new lower high. From here, we have a double bottom, and potentially looking for a head and shoulders too which will give us our first HIGHER LOW in the new trend. 52 is an important flip zone not only because it is the lower high swing we are playing with on the 4 hour, but is also a big daily level: This of course is the big support level we have been watching and we are retesting this now. In this downtrend on the daily we have made 2 lower highs so it is beginning to be an extended move. Watch to see how price reacts at this level and if we can get a daily close above here. My thoughts on oil are still the same: Oil should be heading lower due to the supply glut and the world is slowing down. This has been my opinion before the coronoavirus and the China issues. However, oil must be propped up because the last time oil fell, banks in America were essentially forced to provide loans to these oil/shale companies, knowing very well they won't pay them back. They were forced because it meant thousands of high paying American jobs on the line. These oil/shale companies are now zombie companies. Oil now affects the financial sector. If oil issues occur, there will also be bank issues. This is why oil will need to be propped up.
TVC:USOIL
by Uncharted-FX
USDCAD short (Don't get trapped on USDCAD, EXPLAINED, STOP HUNT)Hello Traders ! USDCAD is right now at a daily Supply Zone. Also we can see another level of Supply. The question right now is which one will be the order block who will bring the price back down. It would not surprise me if the price will make a liquidity push to the upside. We need to keep in mind that a lot of retail trader would take shorts now. The banks will see this liquidity in the market and will do Stop Hunting with all the retail traders. So keep that in mind. Of course you could take shorts now. But I would consider to wait for the valid retest and to watch price action in order to give you the confirmation. Target: The target would be the Demand Zone. Thank you and we will see next time - Darius.
Short
by DariusFxTrading
Deutsche Bank: Projected top and long term Sell Entry.Deutsche Bank (DB) has been on a strong medium term rise on the 1W chart since the August low (RSI = 65.146, MACD = 0.232, ADX = 21.619, Highs/Lows = 0.9691). This rise is the bullish leg of the long term Channel Down (since 2012), that is aiming for a Lower High inside the pattern. The previous Lower High bounces have been 85% on average and the last one made a peak on the 0.500 Fibonacci retracement level. Currently this level is at 11.35, which fits the +85% rise model. This is also where the price meets the technical rejection point of the 1W MA200 (orange line) which has been acting as a Resistance since May 2008. With the RSI already inside the Sell Zone, we believe it is best to wait for this top to form and sell back towards the 6.45 Low. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NYSE:DB
by InvestingScope