📈 Current Status: Challenges Addressed: NYSE:WFC is tackling challenges through strategic measures and regulatory compliance. Diversified Segments: Despite a rising net charge-off ratio, diversified business segments are expected to mitigate adverse impacts. Financial Health: WFC's Tier 1 capital ratio exceeds regulatory requirements, showcasing its financial...
BANK is tracking bank stocks within the NASDAQ. I cannot find if it is market cap weighted or instead an unweighted composite I wanted to check this out to see if the banking sector might reverse and perhaps have some trade candidates based on relative strength or even rising trading volumes. On the 15 chart, BANK's price is in a descending channel or...
KBE is an unleveraged bank ETF which on the 60 minute chart is currently trending with a buy signal from the machine learning algo indicator. Banks are reporting. Interest rate changes by the fed are flat for the time being. The volume profile shows KBE took a dip to try to fall back into the high-volume area and bounced. It has recovered from a VWAP band...
Lendway had a big start to the week with the after-effects of the repurchase program driving stock price higher. On the 15-minute chart- the abrupt change in momentum from a peak on Friday at the lunch hour into a low in the pre-market on Monday with a V-shaped move down and up again and then a monster move from there and a fade after that. LNWY seems to...
The fund invests in the 15 largest financial companies listed on the JSE, ranked by investable market cap. Head and shoulders formed with the right should on top op the 200 day moving average support line A break of this support could see a price target of 1239. A long way down.
Weekly chart of the $XLF. Rounding top off as it battles the price shelf (VPVR on right). Likely to struggle on the way down to truly fall but will ultimately fail at the 72 to 89 EMA cloud (red cloud). Likely retesting $31 towards the end of this year.
I see a clear bullish triangle breakout formation on XLF, which is currently a leading sector in the S&P500 (with regard to relative strength).
Oddly enough, for the month on February, Financials have been holding up the equity market, as Technology is rotating out in a retracement. This may also mean that any perturbation on the Financial sector, could crumble the indexes. Watch this space...
TICKER: $XLF Financial sector is the clear lead bears for the market. We rejected hard at 31.10ish level and broke key support level of 30.46. In my opinion, this is the reason why $SPY pulled back hard. We had huge bear volume on Friday and if we break the low of Friday (30.20), look for a continue dump to fill the gap under 30.13. Can the bears dethrone the...
Ticker: $XLF Huge gap up open and bulls ran with it. The only reason why SPY was so strong is because of the financial sector. XLF closed above the All time high (30.33)! We need more bull volume to confirm it is a clear break or else I would still consider it a double top with 30.33 if we reject. If we consolidate pre market and bulls open with fire, that...
Use the low of 0.50381626 ; use the high of 29 & project out from there and these critical levels present themselves acknowledge the strength of these gann levels manage your own risk gl hf xoxo snoop
Whats up traders, Most of the explanation is on the chart - pretty self evident what i am looking at.
SPY closed at the low of the week with only the low of October 259.85 as support, and we are likely to test that level first thing next week. It's clear the MA20 on every timeframe is important for SPY, and both the tech and financial sectors and this has been rejecting every bounce attempt on every timeframe so far. Bears have the momentum on every timeframe;...