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.
I spent some time pouring over the charts last night looking for trade ideas. In doing so, I came up with numerous candidates, both long and short. Some of these trade ideas are already listed as Active Trades on the site and/or Trade Setups while many are not. I'm going to start with the short [...]
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 [...]
V was posted as a potential short a while back at the top of this wedge, along with a suggestion of only shorting a 1/2 position while waiting for prices to break below the bottom of the wedge before adding the second lot. I also pointed out a potential evening star candlestick reversal pattern on [...]
As per the notes on the daily chart of V posted last night (first one below), the price action so far today is setting up for a potential evening star reversal pattern. Of course, we are only about 1/2 way through the trading session so anything can happen before the close today. However, since I [...]
As a follow-up to the MA post below, here's the update on the V active short trade/setup. If you recall from the original post, I mentioned V as a possible short entry at the top of the wedge (which has been slightly re-drawn) back on Oct 19 as an "anticipatory" trade for aggressive traders, suggesting [...]
the V short, which was added as an active short trade recently at the top of this rising wedge pattern, has formed a nice looking bearish pennant the bottom of the wedge. i have highlighted the pattern on this updated daily chart although it shows more clearly on this 15 minute chart. keep in mind [...]