The outlook for the financial sector, including the etf, XLF, using both technical & fundamental analysis. The video starts with an overview of the technical & fundamental outlook for the financial sector followed by the outlook for the following financial institutions: JPM, C, WFC, BAC, V & MA.
As I'm now able to focus my efforts on the long overdue process of cleaning up the Trade Ideas category, I am doing so in phases starting with Short Trade Ideas (Setups and Active Trades). I did a once-over of all the charts and placed one of three symbols next to each trade; "OK" means [...]
So far today, MA has successfully back-filled the small gap from Jan 9th, perfectly normal price behavior. However, if today's low (the bottom of that gap) gives way soon, prices will likely drop towards the top of the large Jan 2nd gap, around the 500 level. If this were to happen within the next couple [...]
I received a few emails today on existing trades and setups and since I've been working towards updating many of the active trades, I wanted to share my thoughts. The first inquiry was for an update on MA & V. From what I hear, CNBS is drooling all over these two credit card stocks right [...]
MA has been a long-standing active short trade on the site for months now. it was first shorted at the top of the channel back on march 22nd at 418 and hit T1 (bottom of the channel) for a small gain on july 24th. MA then gave a false breakdown of the channel in early [...]
MA has been an active short from the top of this rising channel with the first target hit recently when MA tagged the bottom of the channel. i mentioned that a breakdown of this channel was likely and that would be the next objective add-on or new short entry. MA now appears to be trading [...]