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Goldman Sachs – March 11, 2023
Posted on March 11, 2023 Leave a Comment
Very important support comes in for GS a little lower in/around the 320’s and then 300’s. We lose those levels then expect GS to breathe down to a VERY NICE BUY PATTERN from 243-247. That buy PATTERN is a classic. ABCD, .618 retrace, 1.27 extension and then the “crossover” structure .. dare I say, it’s […]
Banking Index – March 09, 2023 (UPDATE)
Posted on March 9, 2023 1 Comment
Last post on the Banking Index: https://atomic-temporary-44460632.wpcomstaging.com/2023/01/31/banking-index-january-31-2023/ Here is the Banking Index PATTERN that we needed to watch and monitor. Folks, banks are everything. PERIOD. They lead us UP and they lead us DOWN. Something isn’t right at the circle K. All things being equal, the wave that started today needs to finish 5 waves […]
Banking Index – January 31, 2023
Posted on January 31, 2023 2 Comments
I’ve blogged this before and I’ll blog this again – banks lead us UP and they lead us DOWN. Below you can see a “pretty clear” 5 wave count UP in the Banking Index from the 2009 lows. We do have a slight overlap of Wave 4 and Wave 1 but I’m going to go […]
Banks – HUGE support
Posted on September 22, 2020 Leave a Comment
Banks are very important to the overall health of the market … key support approaching! monitor closely …
Banks – where are they?
Posted on September 9, 2020 Leave a Comment
there is an old adage – the banks lead you up and lead you down. the market has blasted to old all time highs or thru them and the banks…? well, they rallied a little but have not shown the strength of the overall market, especially technology. let’s keep a close eye on them over […]
Banks – at support zone
Posted on March 23, 2020 Leave a Comment
CRUCIAL support level for the banks!
DB Oblivion …redux 03/11/2020
Posted on June 9, 2019 Leave a Comment
03/11/2020 the epicenter of the Corona Virus is China. the epicenter of the REPO crisis is DB. DB breaking to new lows is NOT A GOOD THING. ding ding … here comes the REPO train and we DO NOT want to be on it … you can follow the saga of DB here: https://atomic-temporary-44460632.wpcomstaging.com//?s=db what […]
very important level on the Banks!
Posted on December 26, 2018 Leave a Comment
03/18/20 – last time I posed on the banks you can see this level held and then rallied nicely. it never made a new high. now, take a peak below as we can see a nice support zone that has appeared around 53-57. the 1.618 extension is the low of the day today. the ‘low’ […]
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