FMCCH trade ideas
1.50 Next Target Fannie and Freddie are leftovers from the 2008 meltdown. They have used the bailout of the banks and prop up the markets. Unfortunately during this market crash, there is nothing that the fed or government can do to keep the whole market from dropping. FMCC was contingent on the Trump administration getting them out of conservatorship. Focus has shifted and this is pretty much on the back burner. This is gapping down hard this morning and could go further if it breaks the 1.50 target I see it bottoming out at .94
FMCC price touched strong support lineFMCC price touched strong weekly support line. possibly long. wait for abc pattern for confirmation. I also watching this one .
Freddie Mac contrarian Trade setup. Its looks so bearish maybe it is worth a short term bullish trade into earnings. Some slight divergences exists and the lower time frames hint at a decline in selling pressure.
Wild theory for #FMCCI have a wild theory about Fannie Mae and Freddie Mac. There is a lot of speculation for both companies since the housing bubble crash. I think fear will drive the price down to as low as $1.00 - $1.75 range. Once the Blue Print is revealed I think it will shoot back up. It could also gradually climb back up depending on how the news sells the overhaul. Let's see what happens.
FREDDIE MAC FMCCP GSE InvestorsSteven Mnuchin the Treasury Secretary.
His background and role to the 2008 crisis and of course deep connections with his boss, President Trump.
mobile.nytimes.com
Insight of a high probability return of investment on Fannie and Freddie preferred shares issued by Merrill Lynch, Morgan Stanley and etc. Right now 100 of billions of their profit (100 %) goes to the treasury department because the US government save their ass during the 08 crisis. The US government was sued because of the constitution's 5th amendment. With Steve on board he is likely to accelerate the process that have already began.
online.wsj.com
The entire process is gaining traction. The worst case scenario is the department of justice says "you cannot sue the government, they can pretty do whatever they want and write/rewrite the rules along the way."
$FMCC Bull Flag Before Earnings?Prior to this initial price surge, the White house released comments about their intentions to deliver a solution to the GSE reform (Re-privatizing Freddie & Fannie). Both Mortgage giants have been forwarding their profits to the U.S. Treasury and delivering handsome returns since 2008, after they were bailed out by the U.S. Government during the crisis. Now, investors/traders are banking on Freddie Mac & Fannie Mae being released from conservatorship and once again delivering profits to shareholders. Could be an extremely lucrative opportunity if the White House follows through on behalf of shareholders!
Not 100% certain of my EW count, but clearly FMCC has established an uptrend with significant and sustaining volume as OBV has leveled off since the breakout.
Looks to me like a 5 wave impulse movement followed by something along the lines of a running triangle correction, ultimately taking the shape of a bull flag.
COINCIDENTALLY: The apex of this triangle just so happens to fall on Freddie Mac's earnings date.
End of day trading suggests buyers were looking to sneak in positions before earnings are announced, as the OBV broke out of its upper diagonal resistance, possibly alluding to expectations of a positive forecast.
(I am still delving into the fundamentals of EW theory, so I am not yet confident in my count. However, I figured I might as well play around with it now and tweak it as necessary moving forward.)
$FMCKMFMCKM Stock being promoted with Vary high Volume over avg volume!
I was right the other 10 times and i wont stop it now! This stock is creeping up i am waiting for a short setup to form along with the volume to lower!
every small stock aka pennystock will most likely fail! From the years we know this!
Double Top on Freddie Mac preferredsOn this wide time scale, it is easy to see a classic U-shaped Double Top formation (Naked Forex), which often precedes downward price action.
This pattern plays out like a carbon copy on FMCCP, FMCCT, FMCKI, & FMCKP.
Those seeking to enter into a long-term long position in the Freddie Mac family of CMN and PFD stocks that have not already done so should consider waiting until the move has played out such that they can purchase at a discount.
