Joel Elconin – Benzinga Pre-Market Prep Show – Thu 12 Dec, 2019

What’s it going to take to move US markets lower?

Joel Elconin joins me today with a quick comment on what could happen to finally make US markets go through a meaningful sell off. We also discuss the possibility of inflation finally picking up next year. A couple other sectors that are catching Joel’s eye is oil and financials. These are moving for different reasons but the oil price moves are a but suspicious.

Click here to listen to Joel’s Pre-Market Prep Show over at Benzinga.

Exclusive KE Report Commentary – Mon 9 Dec, 2019

“It’s a hard time to be long the market” but time frame is key for this comment

Jack Roberts, Options Specialist at Simpler Trading joins me to explain why he is saying “it’s hard to be long the markets”. This is more a short term comment but there are factors that can make this along term trade strategy. He also shares why he like financials and pharmaceuticals as undervalued sectors.

Click here to visit the Simpler Trading website and follow along with what Jack is trading.

Joel Elconin – Benzinga Pre-Market Prep Show – Tue 23 Jul, 2019

A look into FANG and the Financial sector

Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me today to shares his thoughts on the FANG sector where 3 companies are reporting earnings this week – Facebook, Google (Alphabet), and Amazon. We then switch to the financial sector and assess the overall health of US banks.

Click here to visit the Benzinga Pre-Market Prep Show and listen to the recording of today’s show.

Allison Ostrander – Market and Induvidual Stock Comments – Wed 3 Jul, 2019

The Financial Sector – Banks Passed The Stress Test but Lower Rates Send Mixed Signals

Allison Ostrander, Director of Risk Tolerance at Simpler Trading shares her thoughts on what to expect in shortened trading week and looks into the financial sector. With all the banks passing the stress test and declaring around $100billon worth of dividends this send a bullish sign to investors. However the continued threat and expectation of lower interest rates this is typically negative for banks. Something to balance out for investors.

Click here to visit the Simpler Trading website and follow along with Allison and her team at Simpler Trading.

Raghee Horner – SImpler Trading – Wed 19 Jun, 2019

Raghee’s Positioning Into The Fed Statement

Raghee Horner, Managing Director of Futures Trading joined me to discuss how she is positioning into the Fed statement. She also shares some sectors that she thinks are a good short in this slow growth global environment with low interest rates.

Click here to visit the Simpler Trading website and follow along with Raghee and her other colleagues.

Watch The Financial Sector For The Next Topping Pattern

A very interesting price pattern is setting up in the financial sector that could lead to a very big move in the US & Global markets.  Remember how in 2008-09, the Financial sector and Insurance sector were some of the biggest hit stock sectors to prompt a global market crisis?  Well, the next few weeks and months for the financial sector are setting up to be critical for our future expectations of the US stock market and global economy.

Right now, many of the financial sector stocks are poised near an upper price channel that must be breached/broken before any further upside Stock & ETF Trading Signals

Let’s start off by taking a look at these Monthly charts…

This first Monthly Bank Of America chart is best at showing the price channel (in YELLOW) as well as a key Fibonacci price level (highlighted by the MAGENTA line).  We’ve also highlighted a price zone with a green shaded box that we believe is key support/resistance for the current price trend.

As you can see from this chart, since early February 2018, the overall trend has shifted into a sideways bearish trend.  The price recovery from December 2018 was impressive, yes, but it is still rotating within this sideways/bearish price channel.  Our belief is that this YELLOW upper price channel level MUST be broken in order for the price to continue higher at this point.  Any failure to accomplish this will result in a price reversal that could precipitate a 30% price decline in the value of BAC.  In other words, “it is do-or-die time – again”.

 

This Monthly JPM chart shows a similar pattern, yet the price channel is a bit more narrow visually.  We have almost the same setup in JPM as we do in BAC.  The same channels, the same type of Fibonacci price support level, the same type of sideways price support zone (the shaded box) and the same overall setup.  As traders, we have to watch for these types of setup and be aware of the risks that could unfold with a collapse of the financial sector over the next few weeks.

We believe the next few weeks could be critical for the financial sector and for the overall markets.  If weakness hits the financial sector as global growth continues to stagnate we could enter a period where the global perception of the future 12~24 months may change.  Right now, perception has been relatively optimistic in the global stock markets.  Most traders have been optimistic that the markets will recover and a US/China trade deal will get settled.  The biggest concern has been the EU and the growth of the European countries.

What if that suddenly changed?

 

We are not saying it will or that we know anything special about this setup.  We are just suggesting that the Monthly charts, above, are suggesting that price will either break above this upper price channel or fail to break this level and move lower.  We are suggesting that, as skilled traders, we need to be acutely aware of the risks within the financial sector right now and prepare for either outcome.

This last chart, a Weekly FAS chart, shows a more detailed view of this same price rotation and sideways expanding wedge/channel formation.  Pay very close attention to the shaded support channel shown with the GREEN BOX on this chart.  Any price rotation within this level should be considered “within a support channel” and not a real risk initially.  We want to see price break above the upper price channel fairly quickly, within the next 2 to 5+ weeks, and we can to see it establish a new high (above $78 on this chart) to confirm a new bullish price trend.  Once this happens, we’ll be watching for further price rotation and setups.  If it fails to happen, then the RED DOWN ARROW is the most likely outcome given the current price setup.

 

Any downside price move in the Financial sector would have to be associated with some decreased future expectations by investors.  Thus, our bigger concern is that something is lurking just below the surface right now that could pull the floor out from under this sector.  Is it a surprise Fed rate increase?  Is it some news from the EU?  Is it a sudden increase in credit defaults?  What is the “other shoe” – so to say.

Be prepared.  If all goes well, then we’ll know within a few more weeks if the upside price rally will continue or if we need to start digging for clues as to why the support for the financial sector is eroding.  This really is a “do or die” setup in the financial sector and we urge all traders to pay very close attention to this sector going forward.  We believe it will be the leading sector for any major price weakness across the global markets.

Do you want to find a team of dedicated researchers and traders that can help you find and execute better trades in 2019 and beyond?  Please visit www.TheTechnicalTraders.com to learn how we can help you prepare for the big moves in the global markets and find better opportunities for greater success in the future.  Our team of researchers and traders continue to scan the markets for new trades and incredible research for all our members and followers.

Chris Vermeulen

Joel Elconin – Benzing Pre-Market Show – Tue 9 Apr, 2019

What To Watch For Earnings Season – Plus Comments on Oil, Cannabis Stocks, and The Financial Sector

Joel Elconin, Co-Host of the Benzinga Pre-Market Show joins me to share his thoughts on the upcoming earnings season and a number of specific sectors. Although there is a lot of negativity around this upcoming earnings season Joel leans on the more optimistic side thinking that consumers int he US are still spending. In terms of sectors we discuss what it will take to drive the financial sector, if there is an opportunity in cannabis, and where oil goes from here after the nice run it’s had.

Please email me with any companies or sectors you would like Joel and I to look at – Fleck@kereport.com.

Click here to visit the Benzinga Pre-Market show and listen to past recording.