Bullish setup for TDShares of TD appear to be pulling back to test a breakout level at ~$53.50, which coincides with a rising channel bottom. I'm a buyer at that level and will be targeting ~$66 on the upside, or +23% from here. In a rising rate environment and given the technical setup, I expect shares to outperform over the next several months.
Banks
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 $40 over the next 52w.
BTC NEEDS Higher LOWBTC needs to form this Higher Low on the daily . If it can the BTC recovery is looking a lot more positive.
The Daily MACD has crossed but BTC still needs to confirm higher low .
The first test is the 9500 level and if BTC can break above this and form a new higher low over the next week this would be a very good sign that the recovery is underway.
Also to note there was a LOT of Bull volume in on the 6k mark which may have signalled the bottom may be in for now
Lets see :)
RIPPLE FAKE COIN DOUBLE TOP BUYI dont like XRP to be honest. In my opinion its marketing and idea behind it is to raise its market cap and buy all the other REALLY important cryptos with much higher potential for growth. XRP and its utility in my opinion is not able to reach such high prices as eth or monero or whatever. We might stick in the 1-10$ 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 $$$
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.
If XRP breaks Base, Buy opportunity
As we know, XRP is used a lot by banks to exchange money, so they want their exchange money to be as steady as possible.
Usually XRP is maintained at 0.2€
So there are a lot of opportunities of buy&Sell with this asset.
When XRP= 0.18 (LONG) buy and sell around 0.20
When XRP= 0.25 (Short) Sell and buy around 0.20
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
TD high probability shortShort TD
- lots of upper wicks on daily is smart money selling into strength
- bollinger bands tightening means move is coming soon
- retest of red breakout line before moving up higher (see attached chart)
Just a note - the better trade would be to try to grab some shorts once price hits the lower line of the blue channel.
XLF potential bearish engulfing pattern forming.The XLF was off to the races this morning as the longer-dated maturities of the yield curve sold off, increasing the spread captured by banks who borrow-short and lend-long. In the middle of the day a key reversal occurred, setting us up for a bearish engulfing candle. This chart pattern is a rally above the previous day's high and a close below the previous day's low, and has a high probability of follow-through selling.
Citigroup (C) still has a ways to runI'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 appreciate another 50%: www.barrons.com