Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.
Thursday, April 29, 2021
Financial Stocks Sector Appears Ready To Run Higher / Stock-Markets / Banking Stocks
By: Chris_Vermeulen
As we transition into the early Summer months, we are watching how different market sectors are reacting to the continued shifting of capital over the past 60+ days. One this is very clear, certain market sectors are strengthening while others have run into resistance and are consolidating. We believe the next few weeks and months will continue this type of trend where capital continues to shift away from risks and into sectors that show tremendous strength and opportunity.
We wrote about how Precious Metals are likely starting a new bullish price trend on April 18, 2021. You can read that research article here: https://www.thetechnicaltraders.com/metals-miners-may-have-started-a-new-longer-term-bullish-trend-part-ii/.
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Wednesday, November 25, 2020
Financial Stocks Sector ETF Shows Unique Island Setup – What Next? / Stock-Markets / Banking Stocks
By: Chris_Vermeulen
One would think the Financial Sector would be doing quite well related to the booming housing market and a decline in overall consumer debt and delinquency levels. Historically, the XLF chart shows that $32 is very close to the 2007 peak levels before the collapse that started in late 2007. Currently, the February 2020 highs represent a similar price peak level (near $32), and the current upside price trend has stalled near $27.50, which is a very strong resistance level.
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Thursday, April 26, 2018
Market Minute: Bond Yields and Bank Stocks / Stock-Markets / Banking Stocks
By: Donald_W_Dony
Interest rates are starting to rise. What industry group likes that? The banks.
Interest rates are set by the FOMC and reflect a number of factors.
They are a tool to control inflation and maintain healthy economic growth.
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Monday, October 27, 2014
Europe Redefines Bank Stress Tests / Stock-Markets / Banking Stocks
By: Raul_I_Meijer
The EU and ECB claim they conducts their stress tests and Asset Quality Reviews to restore confidence in the banking sector. That is easier said than done. The problem with the confidence boosting game is that if the tests are perceived as not strong enough, nobody knows which banks to trust anymore. And, on the other hand, if the tests are sufficiently stringent, there’s a genuine risk not many banks are found healthy.
There’s the additional issue of quite a large group of banks having been declared ‘systemic’ by their mother nations, which is of course equal to Too Big To Fail, and, in layman’s terms, ‘untouchable’.
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Monday, March 31, 2014
Are Bank Stocks Sending an SOS Signal? / Stock-Markets / Banking Stocks
By: EWI
If you turn on CNBC first thing in the morning, you hear a lot about market indicators. Consumer behavior, GDP numbers, the Fed, interviews with CEOs -- it's all in the mix.
Instead, Steve Hochberg of Elliott Wave International looks at important indicators that mainstream finance often overlooks.
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Wednesday, January 22, 2014
Why it is Important for Bankers to Attend Davos / Stock-Markets / Banking Stocks
By: Bloomberg
Bank of America President/CEO, Brian Moynihan joined Bloomberg Television's Erik Schatzker and Stephanie Ruhle today live from Davos and said trading operations were profitable almost every day last quarter as the lender helped clients adjust to the prospect of higher interest rates, "I think we made money on every trading day except for two or three. Quarter after quarter, that's been trust. It's because it's a client business." Moynihan also said:
Wednesday, November 30, 2011
Trouble in China, and Trouble for U.S. Banks? / Stock-Markets / Banking Stocks
By: Marty_Chenard
Our country's top Banks and Financial institutions were downgraded yesterday. Stocks included in the downgrade were: BAC, JPM, WFC, C, MS, and GS.
But at 7:16 AM this morning, the futures were indicating that ALL of them were showing a pre-market rise in their values.
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Tuesday, November 08, 2011
Important Stock Market Banking Sector Situation / Stock-Markets / Banking Stocks
By: Marty_Chenard
Below is a weekly chart of the Banking Index. Take a good look at the lines labeled 1 and 2.
What do you see?
Looking at the chart, you should see that the SPY has been trending up since April 2010, while the Banking Index (symbol: $BKX) has been trending down since April 2010.
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Thursday, October 13, 2011
Big Banks Are About to Get Blasted by the Volcker Rule / Stock-Markets / Banking Stocks
By: Money_Morning
David Zeiler writes:
When the Volcker Rule regulations go into effect next year, its restrictions could slam the revenue of the fixed income trading operations of several major U.S. banks by as much as 25%.
The Volker Rule is one of the elements required by the Dodd-Frank financial oversight law, which was written to rein in the sort of excessive Wall Street risk-taking that led to the financial crisis of 2008.
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Friday, April 15, 2011
The Financial Sector Will Have a Major Impact on the SP 500 / Stock-Markets / Banking Stocks
By: Marty_Chenard
Regardless of whether a compromise is reached over the approaching lockdown of the United States ceiling and the raising of the debt, this impasse has momentous significance for holders of gold (SPDR Gold Shares (GLD)) and silver (iShares Silver Trust (SLV)). The serious weaknesses of our economic structure is exposing it as a paper tiger. Instead of seeking fiscal sanity, the inability of our leaders to agree on even the smallest of issues is reminiscent of the Roman Empire dealing out bread and circus to the masses when Rome could no longer afford the good times and the games.
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Friday, December 10, 2010
Crash Silver, Buy JP Morgan and Prevent Financial Armageddon / Stock-Markets / Banking Stocks
By: Nadeem_Walayat
The "Crash JP Morgan, Buy Silver " internet campaign has been gathering momentum for several months now as individual investors increasingly jump upon the rolling bandwagon by buying a few silver coins. The high profile proponents of the campaign include Max Keiser, Mike Maloney and Alex Jones amongst many others. Whilst they are correct in identifying JP Morgan as being the worlds largest market manipulator that continious to leech the life blood out of the US Economy via the corrupt institution that is the U.S. Federal Reserve Bank that literally makes unlimited funds available at JPMorgans disposal.
Friday, August 20, 2010
Broken Bank Stocks a Canary in the Stock Market Coal Mine? / Stock-Markets / Banking Stocks
By: Mike_Larson
If there’s one sector of the stock market that trades like death warmed over, it’s the financials. Bank stocks simply can’t get out of their way these days.
Take the KBW Bank Index (BKX) of 24 leading U.S. banks. You can see in this chart that it plunged in April and May, and it hasn’t been able to get off the mat since. In fact, just this week, it’s collapsing to fresh, multi-month lows.
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Monday, August 16, 2010
Banking Stocks Index Shows Unusual Oversold Pattern? / Stock-Markets / Banking Stocks
By: Marty_Chenard
Last Monday, we posted the Banking Index chart and discussed its impending breakout of a triangular pattern.
As you may recall, the implications were for a 10%+ down move if it broke to the downside.
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Tuesday, May 04, 2010
Your Best Chance to Make 10 Times Your Money in the Stock Market / Stock-Markets / Banking Stocks
By: DailyWealth
"We've suddenly got some activity..."
My father lives in a wealthy suburb of New York, where many Wall Street bankers live. He's been trying to sell his house for nearly three years...
Wednesday, September 16, 2009
Banking on RKH Regional Bank HLDRs ETF / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
Let’s notice that the Regional Bank HLDRs ETF (AMEX: RKH), which we added yesterday, continues to climb to new recovery highs, hurdling the August double-top at 81.45/49 in the process, which usually is a very constructive technical event. If the RKH sustains for today’s session above 81.50, then my next target becomes 85.20/60. The heaviest weightings in the ETF are JPM, WFC, USB, BAC, NTRS, PNC, BK, BBT and STI.
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Wednesday, September 02, 2009
Financial Stocks on Tsunami Watch / Stock-Markets / Banking Stocks
By: David_Urban
After seeing quite a large rally from the March lows the market appears to be extended and indicators (stocks above 200 day moving average, market PE, bullish/bearish %'s) are signaling some rough seas ahead. While stock could conceivably move higher there are a few reasons why I am bearish at the present time.
Thursday, August 13, 2009
Financials Stocks Catch a Bid / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
Thanks to publicity of the Paulson & Co., 13F filing, which shows a substantially long position in Bank of America (NYSE: BAC) and Goldman Sachs (NYSE: GS), the Financial Sector Sector ETF (NYSE: XLF) has caught a bid here this morning, which extends its upmove off of yesterday’s pullback low at 13.70.
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Wednesday, August 05, 2009
Financial Sector Stocks XLF ETF Nearing a Peak? / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
Now that the Financial Select Sector SPDR (NYSE: XLF) has climbed to my optimal next upside target zone 13.80-14.00 (I took my profit late yesterday), let's notice that the price structure has climbed vertically towards the top trendline of the July bullish price channel. My near term work aruges that we should expect a peak in and around the 14.00-14.20 area in the upcoming hours, which could coincide with the rebalance of Citigroup (C) after the close this evening. C is going into the S&P 500, and supposedly The Street must buy 650 million shares to "rebalance" their index portfolios.
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Friday, July 31, 2009
Financial Stocks ETF XLF Needs to Break Its Down Trendline / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
The big picture of the Financial Select Sector ETF (XLF) shows that the
recovery
thus far has not yet challenged the dominant bear market down trendline,
which cuts across the
price axis at approximately 14.30 as we speak. Should the XLF seek out a
test of its major down
trendline in the next two weeks, the price structure will have to climb
another 10%. Of course, to do that
the index will have to climb above its prior recovery rally peak at 13.05,
which should trigger acceleration
towards the test of the 2 year down trendline. If the upmove exceeds the
trendline at 14.30, my work will
trigger higher intermediate term swing targets at 15.30 and then 18.00.
Tuesday, June 30, 2009
Financial Stocks XLF ETF at a Crossroads / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
From a technical perspective, my eyes are focused on the Financial Select Sector SPDR (NYSE: XLF), which we notice is attempting to hurdle both the sharply declining 200 DMA (11.95) and key resistance between 12.35 and 12.70. If prices manage to break above the 12.35/70 resistance zone, then we should expect upside acceleration towards 14.00/50 thereafter. In that 40% of the XLF is compromised of JPM (12.2%), WFC (10.32%), BAC (9.64%) and GS (6.79%) and in that all of the aforementioned stocks show a similar bullish coil pattern (with the exception of GS, which has a more powerful set-up than the others).