Updated

Bank earnings, winners & losers

Bank earnings are starting on Wednesday 4/13. Banks have been weak so far this year. In my opinion, Institutional investors are value trapped and hoping to make yield by selling options into earnings IV. Bank earnings guidance can be an important economic indicator for other stocks. Since bank earnings are the first to kick off the earnings season, they will reveal important economic insights that can directly or indirectly affect other stocks. Here's a 16 ticker list of the winners & losers for 2022 YTD and their earnings dates. Also, I have my Signal Blender beta (SigBlendbeta) indicator with RSI slow 40 (blue), VWMA fast 10 (white).

2022 YTD
MTB +6.17%
WFC +1.62%
SCHW -2.77%
USB -6.96%
BANC -7.25%
STT -9.4%
ALLY -10.05%
BAC -10.78%
MS -14.15%
C -15.53%
JPM -15.63%
GS -15.74%
BK -16.70%
BLK -19.67%
SYF -21.13%
FRC - 23.55%

4/13
JPM 7:05am
BLK 6:30am
FRC 7am

4/14
GS 7:30am
WFC 7am
C 8am
MS 7:30am
ALLY 7:25am
USB 6:45am
STT 7:30am

4/18
BAC 6:45am
SCHW 8:45am
BK 6:30am
SYF 6am

4/20
MTB 6:35am

4/21
BANC 6am

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
tradingview.com/u/growerik/

Note

Recession likely ???
Q4 2023 / Q1 2024
In 2 years???
Why ppl trading like it's tomorrow???
lol

Note

My thesis. Wallstreet 2022 strategy is heavy collar positions at major resistance and flip it long at major support, repeat, to squeeze yield out of range bound +9% year channel.

Note

You can't fight Wallstreet. Just pay attention to what they're doing and ride the wave. They use every excuse in the book for market ups and downs to fit their narrative. Except their deliberate positions that literally move the markets. lol

Note

Notable market movers short list:

Elon Musk
Capital deployment
Social influence

Warren Buffet
Capital deployment

Carter Worth
Technical analyst

Jim Cramer
Social influence

Mohamed Aly El-Erian
Trusted economy professor

Jim Chanos
Short seller

Bofa
Capital deployment
Investor influence

UBS
Capital deployment
Investor influence

Note

I'm so happy I stayed away from trading Bank earnings. So far, as of pre market now, it looks like IV crush for both sides of options holders which is profit for the writers of them ike I anticipated.

Note

Banks still trading awfully weak with little to no signs of energy to the upside.

Options360

Trading indicators:
tradingview.com/u/Options360/

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Options360

Trading indicators:
tradingview.com/u/Options360/