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The "Cheap" Bank w/ Short Term Trading Gains (PT $75.40)Who couldn't love Citi when it had dropped to $68? Given both the long term and "2017 Hotness" trend lines, the stock has been knocked down between a reasonable to weak area where it can rebound back up to a comfortable "median" position that has been previously held. Reading between the fib lines and the somewhat consistent range of $70-77, it wouldn't be unreasonable for the stock to climb back to around the midpoint of $75. Its earnings call was great, though some will argue with how fantastic it should have been given the current climate and what's priced in. If the stock reaches $78, absolutely sell and don't be greedy trying to wait for that magic $80 mark. I'm sure everyone will be watching and waiting for it, but without proper volume, it will be a short lived rally up as everyone else takes their gains. I love Citi as a company and believe it to be strong and stable moving forward the rest of this year. Any price point close to $70 is great for a small position and for technical trading to get some ranged gains.
NYSE:C
by N3utra
Bearish SignalsFirst off, I'm not the best @ TA, so I would appreciate it if a mistake is seen - please tell. Multiple bearish signals on Ichimoku cloud, RSI, MACD. Very similar pattern is evident on GS & MS. Default rates on student loans, retail, & personal are climbing. Combined with a mediocre jobs report, this spells out trouble for banks. However, to me, the most important thing is that big banks have continued to do sub-prime loans. They are the loaners of the loaners of the loaners. Many 2nd & 3rd tier subprime loaners have defaulted and declared bankruptcy. This is not good news for big banks, who, in my opinion, have got greedy, again. On top of this, banks did not do exceptionally well in earnings considering the tax cuts of President Trump. Nearly $200B in likely exposure, at minimum, for the top 6 big banks alone. wolfstreet.com wolfstreet.com (I quite like wolfstreet, very well researched analysis, reasonable article, in my opinion) www.forbes.com
NYSE:BACShort
by GainMachine
XRP :- FAlling Wedge BreakoutRipple (XRP) :- Ripple has finally broken out of the falling wedge.There is a possibility of ripple entering back into the wedge and this could then very well categorize itself as a fakeout. Keep in mind if we do see a jump from here over the blue moving average we could then head to the falling wedge target of over a dollar. A dollar and 9 cents is the target for the falling wedge and the volume based spike could take only 4-5green days for that to be achieved.
Long
by Akshath1994
1
GoldmanSachs ready to shine..? This is one of my shorter time scale predictions heading into the earnings reports coming up. With all the volatility we have managed to open a couple of more postions during the beginning of the week that are already in the green, these are set with a x1 leverage on our PI profile on eToro (Willscuba). We currently have a reducing wedge but have seen some drawdowns recently to geo-politics. Making this a good time to increase our exposure by a small margin. The earnings report is due April 17 before the bell. The whisper on the street is $6.03 where as the consensus is $5.67. If the numbers come through better than expected for JPMorgan due this friday before the bell then that should start the ball rolling for all the other financial sector stocks that we are currently holding as they usually trade in sympathy if the first few do well -unless there is a really big red herring that crops up-. Even if the earnings disapoint we still have almost 20% free in the portfolio to capitalize on the dips that could occur just like we have with all the trade war news and potential rate hikes. NYSE:GS
NYSE:GSLong
by Willscubatrader
PYPL: The New Bank & $80+ PT Range w/ BonusPaypal is and will always be a permanent, financial player. The Venmo acquisition: brilliant. Square, sure, it's growing and has potential. Tell me one person back in 2014 or 2015 that had heard of it over Venmo. Brand recognition and explosive growth make it one of the pinnacles of the PYPL story. Was it expensive at $80? Yes, absolutely. Is it expensive now for what all it has going? Debatable, but I guarantee that it will rise as anything else financially responsible and relevant will. Technical trading up, over $80 is doable. With a perfect environment and more than likely absurd EC beats, expect a path to $100 if the market is stable and experiencing growth momentum. $100+ prime and over, take your money and sell. Don't be greedy. The Venmo story is real, relevant, impactful and unique. The eBay bs is now absorbed and incompetently understood. No one is thinking of it, so PYPL is a pure, no news related play.
NASDAQ:PYPLLong
by N3utra
6
Morgan Stanley SHORTShort from $58.02 will continue to short up to $66. Market Cap - $102.8B VWAP - 56.77 P/B - 1.49 Debt/Capital - 71.05% Beta - 1.49 P/E - 18.13 - A major chunk of Morgan Stanley's revenues come from trading activities, which obviously is dependent on what the market is doing. The capital markets have performed very well in the past which lead to decent trading revenues - though since 1Q17 this trend has reversed (which is odd considering what the markets have done since then?!) They have had a slowdown in client activity and the low volatility led to a 1% decline in equity trading and a 4% in fixed income in 2017. This is expected continue in the near term. - MS 12-month ROE undermines its growth potential. The company's ROE is 10.07% which has gradually improved since the crisis is much lower than the S&P 500's ROE of 16.08%. Showing its not using its shareholder's funds effectively. - They continue attempting to strengthen their corporate banking section of the company. It was seeing a rise in net interest income over the past couple of years. Though again, since 1Q17 net interest income started to fall. In 2017 the net income interest fell 11% YoY - mainly due to interest expenses up 72%. NeroTree Capital rates Morgan Stanley as a SELL with a price target of $40 over the next 52w.
NYSE:MSShort
by UnknownUnicorn2415222
BTC NEEDS Higher LOWBTC needs to form this Higher Low on the daily . If it can the BTC recovery is looking a lot more positive. The Daily MACD has crossed but BTC still needs to confirm higher low . The first test is the 9500 level and if BTC can break above this and form a new higher low over the next week this would be a very good sign that the recovery is underway. Also to note there was a LOT of Bull volume in on the 6k mark which may have signalled the bottom may be in for now Lets see :)
COINBASE:BTCUSDLong
by gillman_hugh
RIPPLE FAKE COIN DOUBLE TOP BUYI dont like XRP to be honest. In my opinion its marketing and idea behind it is to raise its market cap and buy all the other REALLY important cryptos with much higher potential for growth. XRP and its utility in my opinion is not able to reach such high prices as eth or monero or whatever. We might stick in the 1-10$ range. Hopefully I will be wrong and many people will become richer and richer. BUT DONT FORGET ITS CENTRALIZED by WHO DO YOU THINK ??? (Think twise before answering yourself that question) Anyway XRPUSD meets my trading condtions and rules. We have double topped fib retracement some level of support RSI oversold will see how it goes. GOOD LUCK $$$
BITSTAMP:XRPUSDLong
by TG_Advisory
15
Going long NBN on MondayNBN is printing a bullish full-body candlestick over candlestick price bar on heavier above-average volume with my momentum/trending oscillators confirming the price move. I am going long NBN on Monday using a limit (GTC-BUY-LMT) order @ 25.20. I will have two trailing sell stops (GTC-SELL-STP) @ 23.35 and 22.70 to protect my initial invested capital in case NBN does not move higher immediately. I am expecting a measured move similar to the previous uptrend from November '16 - October '17.
NASDAQ:NBNLong
by BigWaveTrading
Raising interest rates support this pickYou do not need to be a sophisticated Ph.D. in Economics for understand that Raising interest rates is a god deal for commercial Banks but this do not mean than all the commercial Banks and financial Institutions are in a Bull Trend specially because this sector was punishment during the last financial crisis of 2008 and until recently has begun to show strength based mainly in a Raising interest rates. I Set up a list of more than 140 commercial Banks and Institutions and not all are having a good time. I select this Bank based in a Basic Understanding of the Fundamentals who move the Stock Market and the Industries and your Sectors. But always making emphasis in the Chart and with a simple and traditional Technical Analysis (Support and Resistance) Obviously this pick is with a long term view and with a long term hold period Now Go to Technical: In this case you can watch the resistance breakout around 25.00 or 25.10 "do not get complicated for 0.10" and the pullback who is coming. The pullback need more time, this means need more Days for confirmation, In other words I wanna to Buy this stock at 25.30 or less and not at the actual price of 26.40 for this you can use a order called Buy limit at 25.30 or follow daily this stock and buy at the market . The other aspect is this do you like this PE Ratio 15.11? Is too High ? compared with the Industry Is Bank of America overvalued ? Additional Material for learning www.investopedia.com www.investopedia.com www.investopedia.com www.investopedia.com
NYSE:BACLong
by Alex_Quiroga
1