Big Brawny Banks Break Below Bids

[] [View in browser]( [View in browser]( [] MAY 04 2023 Big Brawny Banks Break Below Bids [] [] DON YOCHAM Some Days You Give Up the Fight Just a quick note from me as I’m more than a little under the weather. I’ve been fighting this funk for a week but today I flew the white flag. It’s a doozy. And here’s a sign of how this particular malady is messing with me. You know how we all have those recurring dreams that unforgivingly dredge up some deep seated anxiety. Well, I have two. They are: I’m late, lost, didn’t study, or can’t find something. I try to run. Legs won’t work. So I end up pulling myself along with my arms to gain speed. Well, this particular reverie maliciously employed both plot devices to ultimately drive me up a rain soaked hill in the middle of the night that suddenly blocked the road home. I called it quits there too. And as I sat in the mud atop that hill, I gazed back down the road which I had just dragged myself to find that it was now crowded with AI controlled robots going about their business. Then I woke up and read [this]( As far as markets go, banks are sick too. A regional cold went national today. I couldn’t find a single “diversified” bank stock that traded higher. At least within a couple hours of the close. And, as you well know, I believe [banks matter](. My friend Scott Welsh thinks so too (which you can read more about in his following piece). And you can ask Jeffry Turnmire what he thinks during tomorrow’s “[Morning Monster]( – details below. I’m sure I’ll be back at it tomorrow lest my publisher discovers that ChatGPT provides a no-quit solution that will stick to writing about markets. Regional bank stocks painted the tape a sea of red today. [] Take What the Markets Give You. [] [] SCOTT WELSH Betting Against Banks Well, the Fed did not delight yesterday. It didn’t do anything terrible. It just didn’t do anything wonderful. It raised rates like everyone thought and kind of hinted at pausing future rate hikes. That’s not bad news at all. But it surely wasn’t enough positive ammunition to stave off the terrible regional bank onslaught. Smaller banks are getting killed today as everyone is starting to worry once again about the next bank to fail. PacWest Bancorp ([PACW]( chart is a nightmare for Bulls: [] And that’s after PACW said its deposits went up! JPM CEO Jamie Dimon promised the banking crisis was over a few days ago. That’s looking like a horrible prediction. So what can we do? We can put the financial ETF, Financial Select Sector SPDR Fund ([XLF]( at the top of our radar and simply wait for the storm to blow over. When XLF gets back above the long-term moving average (above $34), it could be a nice Buy: [] But if we wanted action, a Short trade could be taken (or a Put could be bought) if XLF drops below $30.35: [] We could shoot for a downward target of $24 or just trail the stop behind the moving average. It doesn’t look like the crisis is over. And there are going to be some possibilities during the volatility. Happy trading, Scott [] [] JEFFRY TURNMIRE’S MORNING MONSTER 🎥 Apple After the Close Corporate earnings reports are tapering down but we still have Apple Inc. ([AAPL]( reporting after the close. And with all regional bank concerns spilling over to the large diversified names, there’s still plenty of noise to knock stocks around tomorrow. We’ll find out which ones get motivated the most tomorrow morning [at 9:15am ET]( on “Morning Monster.” Every day, I livestream what I see as the day’s big movers. I cover specific stocks I expect to move. I give you my rundown on all the major indices. Plus, I’ll take your requests to give whatever you want a good look. Make sure you join me [right here](. Jeffry [] [] CELESTE LINDMAN Last Chance to Sign Up for My Workshop Tired of your trades blowing up because of your emotions? Tired of noise from the news? Tired of complicated patterns? My team and I just designed something special for you: [My new BS Indicator](. So you can just focus on what actually makes a stock move. Teaching you how to enter trades. How to get out. And help you trade with LESS emotion. [Go here to learn how to use my new BS Indicator](. Celeste [] [] [] MAY 04 2023 Big Brawny Banks Break Below Bids [] [] DON YOCHAM Some Days You Give Up the Fight Just a quick note from me as I’m more than a little under the weather. I’ve been fighting this funk for a week but today I flew the white flag. It’s a doozy. And here’s a sign of how this particular malady is messing with me. You know how we all have those recurring dreams that unforgivingly dredge up some deep seated anxiety. Well, I have two. They are: I’m late, lost, didn’t study, or can’t find something. I try to run. Legs won’t work. So I end up pulling myself along with my arms to gain speed. Well, this particular reverie maliciously employed both plot devices to ultimately drive me up a rain soaked hill in the middle of the night that suddenly blocked the road home. I called it quits there too. And as I sat in the mud atop that hill, I gazed back down the road which I had just dragged myself to find that it was now crowded with AI controlled robots going about their business. Then I woke up and read [this]( As far as markets go, banks are sick too. A regional cold went national today. I couldn’t find a single “diversified” bank stock that traded higher. At least within a couple hours of the close. And, as you well know, I believe [banks matter](. My friend Scott Welsh thinks so too (which you can read more about in his following piece). And you can ask Jeffry Turnmire what he thinks during tomorrow’s “[Morning Monster]( – details below. I’m sure I’ll be back at it tomorrow lest my publisher discovers that ChatGPT provides a no-quit solution that will stick to writing about markets. Regional bank stocks painted the tape a sea of red today. [] Take What the Markets Give You. [] [] SCOTT WELSH Betting Against Banks Well, the Fed did not delight yesterday. It didn’t do anything terrible. It just didn’t do anything wonderful. It raised rates like everyone thought and kind of hinted at pausing future rate hikes. That’s not bad news at all. But it surely wasn’t enough positive ammunition to stave off the terrible regional bank onslaught. Smaller banks are getting killed today as everyone is starting to worry once again about the next bank to fail. PacWest Bancorp ([PACW]( chart is a nightmare for Bulls: [] And that’s after PACW said its deposits went up! JPM CEO Jamie Dimon promised the banking crisis was over a few days ago. That’s looking like a horrible prediction. So what can we do? We can put the financial ETF, Financial Select Sector SPDR Fund ([XLF]( at the top of our radar and simply wait for the storm to blow over. When XLF gets back above the long-term moving average (above $34), it could be a nice Buy: [] But if we wanted action, a Short trade could be taken (or a Put could be bought) if XLF drops below $30.35: [] We could shoot for a downward target of $24 or just trail the stop behind the moving average. It doesn’t look like the crisis is over. And there are going to be some possibilities during the volatility. Happy trading, Scott [] [] JEFFRY TURNMIRE’S MORNING MONSTER 🎥 Apple After the Close Corporate earnings reports are tapering down but we still have Apple Inc. ([AAPL]( reporting after the close. And with all regional bank concerns spilling over to the large diversified names, there’s still plenty of noise to knock stocks around tomorrow. We’ll find out which ones get motivated the most tomorrow morning [at 9:15am ET]( on “Morning Monster.” Every day, I livestream what I see as the day’s big movers. I cover specific stocks I expect to move. I give you my rundown on all the major indices. Plus, I’ll take your requests to give whatever you want a good look. Make sure you join me [right here](. Jeffry [] [] CELESTE LINDMAN Last Chance to Sign Up for My Workshop Tired of your trades blowing up because of your emotions? Tired of noise from the news? Tired of complicated patterns? My team and I just designed something special for you: [My new BS Indicator](. So you can just focus on what actually makes a stock move. Teaching you how to enter trades. How to get out. And help you trade with LESS emotion. [Go here to learn how to use my new BS Indicator](. Celeste [] [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 495 Town Plaza | Ponte Vedra | FL | 32081 [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 495 Town Plaza | Ponte Vedra | FL | 32081 [Prosperity Pub](