Comments on: The Reaper Comes For CS (Credit Suisse)

By: rsotc

rsotc — Wed, 15 Mar 2023 15:32:03 +0000

In reply to shannonp.

The chart of SCHW looks like schit. Recently broke below the primary uptrend line with conviction following a divergent high followed by a brief (intraday) momentum-fueled overshoot of the 51.64 support which was the lower-most target when I called for this drop in the financials (and the market) back in this Jan 27th video. https://rightsideofthechart.com/tech-healthcare-financials-sector-analysis-1-27-23/

SCHW now backtesting the 59.81 former target/support, now resistance level from below. With my final target already being hit, not sure if the selloff is over or close to over for the time being or not but definitely better fish to fry on the short side at this time.

By: trade0039

trade0039 — Wed, 15 Mar 2023 14:22:22 +0000

Its hard to believe US Stock Market is still holding pretty well so far. With so many banks getting hammered and many other Financial Institutions willing to get hammered in coming days to weeks, we are not seeing capitulation!

If this was in 2001 or 2008, SPY would have plummet 5% to 10% in a day. There is simply not enough fear right now. Very very strange!

What y’all think?

By: shannonp

shannonp — Wed, 15 Mar 2023 14:05:47 +0000

any opinion on SCHW, SCHWAB?

By: trade0039

trade0039 — Wed, 15 Mar 2023 13:49:27 +0000

This is CRAZY!!! Argentina inflation soars past 100% mark
https://www.bbc.com/news/world-latin-america-64960385

By: HermonMunster

HermonMunster — Wed, 15 Mar 2023 13:22:33 +0000

here we go. I’m all for the wild swings

By: budgetny

budgetny — Wed, 15 Mar 2023 12:25:40 +0000

In reply to Observer. I actually bought ten April 6 $3.00 CS Puts for 65 cents when CS was trading at 2.50. I thought the 15 cent premium was cheap given the April expiry

By: Observer

Observer — Wed, 15 Mar 2023 12:07:04 +0000

Thanks Randy