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$Direxion Daily Regional Banks Bull 3X Shares ETF (DPST.US)$...

$Direxion Daily Regional Banks Bull 3X Shares ETF(DPST.US)$ sitting on the sideline waiting can become very tiresome but it appears that patience is paying off. chairman Powell or Mao however you want to look at him, has now caved as of yesterday along with the other Federal reserve Bank presidents and has succumbed to hire for longer as the new Norm. I like many I'm sick and tired of hearing these talking heads a hundred times a day at nauseam interest rate cuts interest rate cuts and chairman pal the data the data if I had a dollar for every time I heard one of these idiots say that word I'd have a million dollars at the end of the week it's just being mirrored and parroted to the point that I'm sick and tired of hearing it.. that being said you can't fight the fed you can't fight the tape last year we had several very large sell-offs in the regional Banks silicon valley was the first one that triggered it and then we had another sell-off ladder half of the year and everything is dependent upon rate cuts well rate cuts don't seem likely at this point and the regional banks are the ones that hold the trillion dollars worth of commercial loans they have to be refinanced and or marked to Market which will result in a billions of dollars worth of losses probably tens of billions if not hundreds of billions and losses on the banks balance sheets which will wipe out profits for the quarters. so the obvious question is why play in a field of landmines when one is going to blow up and take your leg out another analogy would be lose your money. and the answer is the worst is behind us we're not having another silicon valley Bank implode we already had community Bank of New York it didn't nearly have the impact of silicon valley so now we're hire for longer. pt 1 of 2
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  • 10baggerbammOP : as a result of being higher for longer these banks are going to be marked down continuously and more than likely even through earnings why well we have seen Goldman Sachs come out with fantastic earnings and a few days after the fact that trades down and JP Morgan also well the regional Banks or not Goldman or JP Morgan so they should take a hit. it looks like $50 is where we're going to get some consolidation. I believe it'll come in it's going to touch the moving average at that point. and if I'm right I'm going to take 1/3 of my position at that point regardless of where the market is that day it could be up 200 points down 200 points if we come in at right around $50 per share I will be buying 1/3 of what's allotted why do you ask only one third. because we have Iran as an X Factor what are they going to do when is real retaliates and when and the severity. so if we have a knee-jerk reaction on broader markets where we have a 500 point down day and the banks are taken down another four or five percent I will a lot a third more to lower my cost basis. in other words average down. so there's an update I'm looking for right around $50 as my entry point and I think we should be getting there within the next week or so of trading.

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