Comments on: Trade Ideas & Market Analysis 5-19-20

By: Robert_Matthews

Robert_Matthews — Wed, 20 May 2020 12:54:04 +0000

thanks for the video Randy. Airlines could be a bear flag no?

By: wilhud

wilhud — Wed, 20 May 2020 05:06:57 +0000

Wells Fargo looks more similar to the Euro banks. Although potential positive divergence. To me it has more of a look of a broken descending triangle with a retest and rejection so far. Remember the Fed is still pumping in $500bn a day in repo operations after months to keep the negative equity, MBS and bonds afloat.

From what I’ve noticed, positive divergence only tends to work when companies stay solvent, I’ve followed a few where the positive divergence doesn’t play out because the share prices are down for a reason ie they’re bust. Hence, I agree Randy quite wise to be cautious on WFC. Something is not right, fundamentally banks are going to be unable to make any money in this environment, zero rates forever and probably a wave of insolvencies in various sectors very close.

Unicredit Italy’s largest bank could easily blow up the entire system in the same vein as Lehman in 08.

By: TJS

TJS — Wed, 20 May 2020 04:37:48 +0000

In reply to FooHawk. Yes, I read the majority of those jobless claims are individual investors who tried shorting the market and are now all underwater and broke. LOL. I will be in the line soon too.

By: Lake4

Lake4 — Wed, 20 May 2020 00:01:52 +0000

Randy, was that a sell signal on XLF on the last 2 hourly candles today – trendline breakdown & PPO crossover ?

By: FooHawk

FooHawk — Tue, 19 May 2020 22:35:46 +0000

And can you believe consensus is for another 2.5M jobless claims? I am starting to wonder if I will be one of those in the line!!!!