Archive for the '• Financials' Category

$LYG Lloyd’s Update, March 11

March 11th, 2010 Comments(0)

(LYG: 4.46 0.00%) Lloyd’s

Three attempts to get above resistance.

lyg

And today it’s finally above that level. Hopefully will build support here and go on to fill the gap.

  • 13ema is turning up and should cross over 34ema soon.
  • Oscillators and volume look good.

lyg2

$BKX Bank Index Chart ($XLF)

October 13th, 2009 Comments(0)

Here’s the $BKX chart, the bank index. (The same is happening with (XLF: 14.22 0.00%) so I won’t post both.) There are some oscillator-price divergences and heavy resistance overhead.

bkx

$RIFIN Chart for Trading $FAS and $FAZ

June 17th, 2009 Comments(0)

Click to enlarge

$RIFIN broke down. Fibonacci retracement targets are on the chart.

  • 50MA acting as support at the moment
  • 20MA turning down
  • Stochastics and MACD going negative

Going to trade (FAS: 20.39 0.00%) and (FAZ: 14.50 0.00%) off this chart.

rifin

FAS and FAZ, 3 Months

June 08th, 2009 Comments(0)

FAS and FAZ, triple financial ETFs, bull and bear respectively.

Both have been dead in the water for the last 6 weeks.

I think holding FAS + writing calls is (was?) the best strategy here.

fas_faz_3months

FAS/FAZ Divergence

May 11th, 2009 Comments(0)

Most of the time FAS and FAZ are up/down the same percentage. But every once in awhile they go off track, don’t know if it’s intentional or what.

Today is one of those days. (FAZ: 14.50 0.00%) is up rought 1% less than (FAS: 20.39 0.00%) is down. They may even out at the end of the day, but from what I’ve seen before, this will not be corrected.

I suppose it could be because of the afterhours or premarket action, but not sure.

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