I heard about this today from Heresy Financial youtube channel. He makes the case the banks are having some trouble again. https://youtu.be/SshDKNhXyS4?si=jx9_6vLKTJu1gWs-

His explanation sounds reasonable.

Signing off for the day so if I don’t follow up with those charts when I sit back down to my desk on Friday, please bump me again under the most recent post. Thx

Not sure if that was a misprint as I haven’t heard anything about it. If legit, I’m not sure what to make of that recent surge in Treasury repos from the Fed other than to note that the only other times in history that it spiked to such levels was just before the last two official recessions & financial crises (’07-’09 bear mkt/financial crisis & covid). Based on that, my guess is the Fed might see something that scares the $h!t out of them. Maybe a big issue with a bank, big fund, or any of the non-bank financials?

If you could post a link to the article that or video that prompted you to pull that chart I’d love to see what they have to say.

Can you also share your thoughts on the clean energy stocks that recently took a hit from trump’s anticipated bill like ENPH, RUN, FSLR. I felt like there was opportunity but the charts did not feel clean based on the news reel gaps so I did not make a play on those.

Lastly your thoughts on MRK. In my view it’s poking out of its downtrend, had bullish divergences on the daily and weekly, held a long term support zone.