Phantasmix Stock Blog » • Financials http://www.phantasmix.com Trading stocks and options -- contact @ phantasmix.com Mon, 12 Jul 2010 03:41:15 +0000 http://wordpress.org/?v=2.8 en hourly 1 $LYG Lloyd’s Update, March 11 http://www.phantasmix.com/lyg-lloyds-update-march-11.html http://www.phantasmix.com/lyg-lloyds-update-march-11.html#comments Thu, 11 Mar 2010 17:36:39 +0000 Phantasmix http://www.phantasmix.com/?p=3723 (LYG: 4.30 -0.46%) 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

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]]> http://www.phantasmix.com/lyg-lloyds-update-march-11.html/feed 0 $BKX Bank Index Chart ($XLF) http://www.phantasmix.com/bkx-bank-index-chart-xlf.html http://www.phantasmix.com/bkx-bank-index-chart-xlf.html#comments Wed, 14 Oct 2009 01:29:58 +0000 Phantasmix http://www.phantasmix.com/?p=3378 Here’s the $BKX chart, the bank index. (The same is happening with (XLF: 14.72 +0.34%) so I won’t post both.) There are some oscillator-price divergences and heavy resistance overhead.

bkx

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]]> http://www.phantasmix.com/bkx-bank-index-chart-xlf.html/feed 0 $RIFIN Chart for Trading $FAS and $FAZ http://www.phantasmix.com/rifin-chart-for-trading-fas-and-faz.html http://www.phantasmix.com/rifin-chart-for-trading-fas-and-faz.html#comments Wed, 17 Jun 2009 16:00:55 +0000 Phantasmix http://www.phantasmix.com/?p=2971 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: 22.60 +0.44%) and (FAZ: 13.81 -0.50%) off this chart.

rifin

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]]> http://www.phantasmix.com/rifin-chart-for-trading-fas-and-faz.html/feed 0 FAS and FAZ, 3 Months http://www.phantasmix.com/fas-and-faz-3-months.html http://www.phantasmix.com/fas-and-faz-3-months.html#comments Mon, 08 Jun 2009 16:02:50 +0000 Phantasmix http://www.phantasmix.com/?p=2908 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

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]]> http://www.phantasmix.com/fas-and-faz-3-months.html/feed 0 FAS/FAZ Divergence http://www.phantasmix.com/fasfaz-divergence.html http://www.phantasmix.com/fasfaz-divergence.html#comments Mon, 11 May 2009 15:05:32 +0000 Phantasmix http://www.phantasmix.com/?p=2673 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: 13.81 -0.50%) is up rought 1% less than (FAS: 22.60 +0.44%) 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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]]> http://www.phantasmix.com/fasfaz-divergence.html/feed 0 Bank Stress Test Results http://www.phantasmix.com/bank-stress-test-results.html http://www.phantasmix.com/bank-stress-test-results.html#comments Wed, 06 May 2009 19:02:49 +0000 Phantasmix http://www.phantasmix.com/?p=2628

Following is a summary of the capital requirements of 10 banks resulting from U.S. regulators’ stress tests, according to people familiar with the matter. The Federal Reserve is scheduled to release the results of the tests on the 19 largest U.S. banks tomorrow.

Click to enlarge

7849322-1595a606670c5b351f8cd8b98e6414a8_4a01de77-scaled

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]]> http://www.phantasmix.com/bank-stress-test-results.html/feed 0 XLF Financials Update, May 4th http://www.phantasmix.com/xlf-financials-update-may-4th.html http://www.phantasmix.com/xlf-financials-update-may-4th.html#comments Mon, 04 May 2009 23:47:32 +0000 Phantasmix http://www.phantasmix.com/?p=2606 (XLF: 14.72 +0.34%)

Clean breakout on higher volume…

may4_xlf

Or this:
may4_xlf2

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]]> http://www.phantasmix.com/xlf-financials-update-may-4th.html/feed 0 Meredith Whitney on Banks, May 1st http://www.phantasmix.com/meredith-whitney-on-banks-may-1st.html http://www.phantasmix.com/meredith-whitney-on-banks-may-1st.html#comments Sun, 03 May 2009 14:18:56 +0000 Phantasmix http://www.phantasmix.com/?p=2600
Whitney: Number of Banks Could Be Halved

Meredith Whitney made a name for herself by issuing dire predictions that proved correct, and at this week’s Milken Institute conference in Beverly Hills, Calif., she upped the ante.

The former Oppenheimer & Co. analyst, who recently started Meredith Whitney Advisory Group LLC, said the number of banks in the United States could be halved by the end of the current crisis.

“We could see [the current] 8,000 institutions go down by half or greater,” she said.

Meredith Whitney Despite bankers’ complaints about the Troubled Asset Relief Program, Whitney said she does not expect to see many of the top banking companies repay their government capital anytime soon. They will need the money to rescue weak sisters.

“You’ll see so much deck-chair movement that much of the TARP money will not be around to be repaid because many banks will be expected to absorb their neighbors,” she said. “Big banks will be forced to absorb all the liquidity that is coming out of the market and what will be interesting is if some of the smaller banks that get private capital will start to consolidate.”

Source and full text: BankInvestmentConsultant

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]]> http://www.phantasmix.com/meredith-whitney-on-banks-may-1st.html/feed 2 XLF Financials Index http://www.phantasmix.com/xlf-financials-index.html http://www.phantasmix.com/xlf-financials-index.html#comments Fri, 01 May 2009 17:02:12 +0000 Phantasmix http://www.phantasmix.com/?p=2583 Break out or break down? Place your bets.

Typically this would be a breakout pattern (should break above, through the flat side). However, volume is decreasing and short-term RSi has been diverging from price.

Click to enlarge
may1_xlf

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]]> http://www.phantasmix.com/xlf-financials-index.html/feed 0 Market Indicators – NYSE Breadth, $BKX http://www.phantasmix.com/market-indicators-nyse-breadth-bkx.html http://www.phantasmix.com/market-indicators-nyse-breadth-bkx.html#comments Tue, 28 Apr 2009 23:50:57 +0000 Phantasmix http://www.phantasmix.com/?p=2521 Click charts to enlarge

McClellan Oscillator

Short- to intermediate-term momentum breadth indicator. The McClellan Oscillator fluctuates between an oversold level below -100 and overbought territory above 100. Short-term buy and sell signals are given when it crosses above or below its zero (flat) line.
apr28_mcclellan

$BKX – Bank Index

Of course, everyone’s looking forward to May 4th to see what happens with the banks. Still, a chart is a chart :)
apr28_bkx

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