Financials – Page 71 – Slope of Hope with Tim Knight

Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Deutsche Bank Isn’t the Only Sick Mega-Bank

By Tim Knight - 10 years ago (08, Apr 2016 11:08:15 AM)

I have been writing about Deutsche Bank for about six months now. My first post, back in October 2015, showed how DB, then trading above $29/share, was sitting on multi-decade support. The chart was showing warning signs that bad things were on the horizon, particularly if it broke below $25.

Low and behold, price did indeed break below $25 which I noted in my December 11, 2015 post titled Deutsche Bank: Something is Seriously Wrong. I showed again not only how broken the long-term chart was, but how DB had grossly underperformed relative to its financial peers (re-posted here):

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Financials ETF Looks Weak

By Strawberry Blonde - 10 years ago (07, Apr 2016 1:14:21 PM)

In my post of December 29, 2015, I stressed the importance of the Financials ETF (XLF) in, potentially, propelling the SPX to an increase of 5-6% for 2016.

You can see from the Daily ratio chart below of XLF:SPX, that price weakened considerably afterwards and fell to new lows not seen since 2012. Price is attempting to stabilize above that low, but all three indicators are still in downtrend and display new “SELL” signals, and price action is still under the bearish influence of the Death Cross formation of the moving averages.

If price drops and holds below near-term support of 0.0105, we could see a significant drop in the SPX, likely to new lows for the year, as I mentioned on April 3.

Prudential………FINALLY!

By Tim Knight - 10 years ago (24, Mar 2016 9:52:42 AM)

I’ve offered up Prudential, shown below, as a short idea over and over again, but it just sort of farted along, in spite of its absolutely glorious topping pattern. Well, our national nightmare is over. It’s finally falling, and I expect ungodly lower prices to come in the months ahead.

Banks Strong Ahead of FOMC

By MPTrader - 10 years ago (15, Dec 2015 1:47:13 PM)

Ahead of the FOMC decision tomorrow morning, the banks are moving in anticipation of a rate hike that is expected to improve– perhaps significantly– their net-interest profitability.

Be that as it may, Bank of America Corporation (BAC) remains poised to enter a new upleg off of its Aug-Sept spike lows in the vicinity of 14.60, and to emerge from a larger, near-2 yr sideways, bullish-digestion period, the result of which, has the potential to thrust BAC to 19.50-20.00, in route to 23.00-25.00, thereafter.

Originally published on MPTrader.com.