Breakdown
$SPY will crash soon...PLEASE PLEASE BE MOSTLY CASH!Wells Fargo Executes Four Block Trades Worth $2 Billion
Stocks valued at $2.64 billion changed hands in a flurry of block trades Monday as tumult from the wind-down of Bill Hwang’s Archegos Capital Management extended into a new week.
Five block trades valued at a combined $2.14 billion were executed by Wells Fargo & Co., according to a person familiar with the matter.
US STOCKS-S&P 500 near flat; hedge fund default concerns hit banks
The S&P 500 was nearly flat in Monday afternoon trading, with bank shares falling amid warnings of potential losses from a hedge fund's default on margin calls, while optimism over the economy limited the day's declines.
Nomura and Credit Suisse are facing billions of dollars in losses after a U.S. hedge fund, named by sources as Archegos Capital, defaulted on margin calls, putting investors on edge about who else might have been caught out.
Shares of Morgan Stanley were down 2.5% after the Financial Times reported it had also sold billions of shares, while the banks index shed about 1.9%. "There's still chatter as to whether or not, and which, American banks may be affected.
Wall Street's fear gauge rose.
Declining issues outnumbered advancing ones on the NYSE by a 1.94-to-1 ratio; on Nasdaq, a 3.11-to-1 ratio favored decliners.
The S&P 500 posted 69 new 52-week highs and no new lows; the Nasdaq Composite recorded 81 new highs and 50 new lows.
Everything has peaked...
$SPY will knife drop so fast, no one will have any time to sell...
$SPY choppy downtrendFed to lift restrictions on bank dividends, share buybacks for 'most firms' after June stress test
WASHINGTON, March 25 (Reuters) - The U.S. Federal Reserve announced on Thursday it would likely remove income-based restrictions on bank dividends and share buybacks for "most firms" in June after its next round of stress tests.
The central bank said that all large firms that can show they can stay above regulatory minimum capital requirements after undergoing the next stress test will no longer face those restrictions, which were imposed at the onset of the pandemic to help banks build up reserve cushions. Companies that see their levels fall below minimums during the test will have to adhere to the restrictions through Sept. 30.
The central bank said large firms that stay above minimum capital requirements after undergoing the next stress test will no longer face payout restrictions, which were imposed at the onset of the pandemic to ensure banks built up reserve cushions. Firms that see their levels fall below minimums during the test will have to adhere to the restrictions through Sept. 30.
Previously, the Fed had stipulated that banks could pay out dividends or buy back stock only so long as those levels did not exceed what the banks made in net income the prior year.
"The banking system continues to be a source of strength and returning to our normal framework after this year's stress test will preserve that strength,” said Randal Quarles, the Fed's top regulatory official.
The announcement is likely to be met with relief by large banks on Wall Street, which had bristled under the restrictions imposed in June 2020 to further bolster capital cushions at banks facing huge economic uncertainty. It also serves as a vote of confidence for banks that they have been able to weather the worst of the pandemic and can return to business as normal.
On Wednesday, Treasury Secretary Janet Yellen, who previously chaired the Fed, said she believed banks look healthy enough to pay dividends or repurchase stock.
The Fed also announced that smaller firms, which only face a Fed stress test every two years, will automatically be freed of the payout restrictions on June 30. (Reporting by Pete Schroeder; editing by Jonathan Oatis and David Gregorio)
GBPUSD | Perspective for the new week | Follow-upThe greenback appears to be building on structures supporting a rally in the coming week(s) as the Nonfarm Payrolls report draws near.
The price travelled in the opposite direction since my last publication as $1.40000 remains a strong Supplication level ( see link below for reference purposes). A sharp rejection of $1.4000 followed by a significant Breakdown of $1.38300 (key level) during last week trading session send signals of a risk of further decline for the Pound in the coming week(s).
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand | Harmonic patter (AB = CD) | Descending Channel
Observation: i. Connecting the lower highs and lower lows of price with parallel trendlines emphasizes that price action has been caught within a Descending Channel since February 2021.
ii. The Demand zone @ $1.38300 that held price "supported" during the penultimate week was finally broken during last week trading session with momentum favouring the Bears.
iii. The present structure after breakdown supports a transition into a Harmonic pattern (AB = CD) with parameters explained below;
a. Leg A-to-B shall be expected to be in harmony with the C-to-D leg.
b. The B- to-C leg present falls within 61.8% (with the possibility of extending into 78.6%) Fibonacci retracement of the A-to-B leg.
c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move @ $1.35500 area.
iv. This been said, It possible that price might not break above key level to continue the decline hence it is pertinent that we keep an eye on price action around $1.38300 in the coming week(s):)
Trading plan: SELL confirmation with a minimum potential profit of 300 pips.
Risk/Reward : 1:3.5
Potential Duration: 4 to 10days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURNZD | Perspective for the new weekI am not certain that the Euro is ready for Bullish bounce in the nearest future as a continuous rejection of Supply zone and Key level since the beginning of the month remains an emphatic sign of a Bearish bias.
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand |Trendline
Observation: i. Bearish Trendline: The visual representation of line drawn over pivot highs represented on the chart (Pivot I to VI) explains the prevailing direction and speed of price in the last 3 months.
ii. The Breakdown of NZ$1.67000/1.66500 area February 2021 followed by rejection of this zone emphasizes the strength of Sellers at this juncture in the market.
iii. A further breakdown/rejection of NZ$1.65400 in the coming week(s) should encourage adding to the existing position as the Key level remains a yardstick for Bearish tendencies.
Trading plan: SELL confirmation with a minimum potential profit of 350pips.
Risk/Reward : 1:4
Potential Duration: 5 to 10 days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURAUD | Perspective for the new weekThe first observation on this chart is the Descending channel drawn by connecting the lower highs and lower lows of price action with parallel trendlines emphasize the prevailing trend that began in October 2020... It appears the price is willing to respect this channel in the coming week as a Breakdown of AU$1.545000 level followed by rejection is a clue supporting a Bearish bias.
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand | Harmonic pattern (AB = CD) | Descending Channel
Observation: i. In the last 21days, the AU$1.54500 level has been a major determinant of the direction of price action.
ii. A breakdown of AU$1.54500 on the 10th of March 2021 followed by a continuous rejection of this level in the last 9 days is a clue that structure might transpose into a harmonic (AB = CD) pattern (see parameters below) in the coming week(s).
a. Leg A-to-B is expected to be in harmony with the potential C-to-D leg.
b. The B- to-C leg makes a 61.8% Fibonacci retracement of the A-to-B leg.
c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move @ AU$1.50000 area.
iii. In the coming week, I shall make the level @ AU$1.54500 a yardstick for downtrend continuation.
iv. Pleased note that a significant Breakout of the Channel shall render this setup invalid.
Trading plan: SELL confirmation with a minimum potential profit of 400pips.
Risk/Reward : 1:4
Potential Duration: 7 to 15 days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
BTC which is correct, breakdown or breakoutOn the left we have all candles within triangle border and breakdown imminent
On the right we have attempted breakout from triangle, followed by breakout and retest leaving the upper trendline open for play over the weekend at 62800ish
Target for breakout 66k
Opinions please
👀 BNBBIDR Breakout or Breakdown?As you can see, the symmetrical triangle is formed.
The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
So, is it breakout or breakdown?
THO BreakoutEDIT: Sorry I didn't notice the KEY is unlabeled .
-The top red box in the key indicates stop losses
-The bottom green box in the key indicates buy zones
Followed this one for a while and have predicted the moves since the break over $100 pretty well, just haven't pulled the trigger on any trades yet.
Mostly due to the extreme swings it has. (Beta is just under 2.4 so this thing is pretty volatile)
This isn't one of my most confident trade ideas but I like following this stock and its a pretty fun stock to follow and predict.
Obviously with the high Beta, if we see a move into a bear market this stock could test the lower demand zones above $100 very quickly.
($110 range for higher demand, and $101-$103 for the lower demand range)
DDOG move into EarningsDDOG is pretty much a stock that runs independent to the overall market. At times it can be manipulated, and vast amount of insider selling happens often.
One thing I have noticed with the stock when it comes to insider selling, it is constant but can be somewhat deciphered when looking into the SEC form 4 filings.
Most of the insiders use an algorithm based selling strategy. They decide how many shares they want to sell that day and the algorithm triggers trades throughout the trading day.
If you look at the filed form 4's, when the algorithm does not trigger enough trades to sell all of the requested shares, it has traditionally meant that the algorithm isn't triggering many strongly sold areas of resistance. Indicating that the stock is showing strength and is likely but not guaranteed to continue to increase in price in the following days.
Another thing to look for is amount and timing of the insider selling.
-for instance the CFO Agarwal Amit usually sells his shares on Wednesday's, usually second Wednesday of the month in the amount of 22,500 shares. In the past, when he reports selling shares on a day other than Wednesday it usually indicates an upcoming volatility of share price. If he sells more than his 22,500, it may show that insiders are looking to take some additional profit while the stock price is nearing anticipated highs.
-additionally the CEO and CTO normally sell their shares the first week of each month, in the same manner.
All time highs have also had the tendency to be hit on a Tuesday leading into a Wednesday sell-off.
I would be surprised if DDOG doesn't make a run to challenge upper $90's in the near future. A rejection of a bounce back leaves the stock with room to trail down into the low 70's and potentially further into the mid 60's
BA Breakout Price Targets with potential breakdown levelsIf Boeing can stay away from bad news and regain the ascending channel , it should continue to test the top-side of the above channel as resistance .
My thoughts are that potential breakdowns may occur after a failure to test the top-side resistance of the ascending channel . Or after its 3rd test of the top-side resistance of the channel .
With good news and Japan continuing to buy equities rather than debt , I don't see it being out of the question for BA to break that top-side trendline resistance and reach the previous all-time-high trend demand zone into the mid $290s
Will the support at 0.786 Hold or will ADA CARDANO Break down?What do you think?
Let me know in a comment, would love to see this shared or just push that like button if you agree.
- Try to open your entry if the price will show it according to your OWN strategy.
*Remember: This is just an Idea, no financial advise!