An overview of the financial sector via XLF & several of the leading banks & financial institutions and where they are likely headed in the coming months. Discussing in the following order are: HSBC, XLF, BRK.B, JPM, WFC, BAC & C.
With the addition of the WFC short entry today, there are now three Active Short Trades in the financial sector: FAS/XLF, BRK.b & WFC. This market has been unusually difficult to trade lately, both on the long & short side, due to both the recent very choppy price action as well as the fact that [...]
XLF (Financial Sector ETF) along with nearly all of the largest institutions in the financial sector have recently broken below either intermediate and/or long-term trendlines & look poised for additional downside in the coming weeks/months. note: A link to the live, annotated version of this XLF daily chart is available under the Live Charts page. [...]
I often like to publish a technical overview of the top components of an index or sector that may be setting up for a nice move as analyzing the charts of the most heavily weighted components will often give you a heads up on where the index or sector may be heading. Normally I will [...]
In updating the trade ideas today, the following stocks will be removed from the Active Trades category to the Completed Trades category in order to focus on the most attractive opportunities at this time. Many of these trades have already hit a profit target or remain profitable at this time while a few are slightly [...]
This is the second and final video covering the highlighted Active Short Trade Ideas (with a separate video covering the Long Trade Ideas to follow). The trade ideas/charts are discussed in the following order: HSOL, HTZ, JASO, JPM, KBH, M, MIC, NTRS, OSTK, PWRD, QIHU, SPB, TSLA, YUM, & Z. To skip ahead to coverage [...]
JPM was added as Short Setup on July 31st with an entry to be based upon a breakdown of this 14 month uptrend line. The stock did make a solid break below that support level yesterday and moved back higher this morning to kiss the trendline from below before dropping back. As such, JPM still [...]