{"id":66730,"date":"2023-03-20T08:45:15","date_gmt":"2023-03-20T12:45:15","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=66730"},"modified":"2023-03-20T08:47:07","modified_gmt":"2023-03-20T12:47:07","slug":"scott-redler-financials-to-watch","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/03\/20\/scott-redler-financials-to-watch\/","title":{"rendered":"5 Financials to Watch on the Credit Suisse Mess"},"content":{"rendered":"

We have mostly red arrows around the world to start the week as we absorb news of CS being taken under at 77 cents.<\/p>\n

FRC<\/b>\u00a0is down 20% as the powers that be try to figure it out.<\/p>\n

Banks closed near last week's lows while money hid in megacap tech.<\/p>\n

We have Powell Wednesday and Xi visiting Russia.<\/p>\n

SPX<\/b>\u00a0futures were all over the map from +22 last night to -40 at 4:30 am to flattish around 7:00 am. We\u2019ll see if 3900ish holds to stay intact ahead of Powell this week.<\/p>\n

As of now, the market thinks we get a 25b pps raise at most, and then a full-point cut before year-end. This is a headscratcher. See if tech holds up, and if banks go red to green.<\/p>\n

Now let's look at some of the major financial names in the news:<\/p>\n

BAC<\/b>\u00a0is still one of the weakest big banks here as it's below 2022 lows. Friday's low is $27.62. See how it reacts around that today.<\/p>\n

FRC<\/b> is under pressure and there is lots of talk about potential deals. The low from last week is $17.53. It's down 21% this morning. See how it reacts today.<\/p>\n

SCHW<\/b>\u00a0gave a nice options opportunity at $48ish. I bought calls for $3, sold half at $8ish, and created a spread on the rest. See if $53.76 holds this week.<\/p>\n

COIN<\/b>\u00a0did a Red Dog Reversal long last Monday around the $51.57 pivot. It cleared $66 Thursday to kiss the 200 day Friday. It's up this morning as BTC looks headed to $29k. I\u2019d trim and trail.<\/p>\n

Bitcoin<\/b>\u00a0reclaimed $20.4K and cleared $22.5K to see $26K+. I discussed the bull flag setup. Some are long vs. $23.8K for a move to $29Kish. It\u2019s at $28K to manage.<\/p>\n

Scott Redler Positions Disclosure as of 2023-03-20 at 7.30.41 AM<\/em><\/p>\n

\"\"<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

We have mostly red arrows around the world to start the week as we absorb news of CS being taken under at 77 cents. FRC\u00a0is down 20% as the powers that be try to figure it out. Banks closed near last week’s lows while money hid in megacap tech. We have Powell Wednesday and Xi visiting Russia. SPX\u00a0futures were all over the map from +22 last night to -40 at 4:30 am to flattish around 7:00 am. We\u2019ll see if 3900ish holds to stay intact ahead of Powell this week. As of now, the market thinks we get a 25b pps raise at most, and then a full-point cut before year-end. This is a headscratcher. See if tech holds up, and if banks go red to green. Now let’s look at some of the major financial names in the news: BAC\u00a0is still one of the weakest big banks here as it’s below 2022 lows. Friday’s low is $27.62. See how it reacts around that today. FRC is under pressure and there is lots of talk about potential deals. The low from last week is $17.53. It’s down 21% this morning. See how it reacts today. SCHW\u00a0gave a nice options opportunity at $48ish. I bought calls for $3, sold half at $8ish, and created a spread on the rest. See if $53.76 holds this week. COIN\u00a0did a Red Dog Reversal long last Monday around the $51.57 pivot. It cleared $66 Thursday to kiss the 200 day Friday. It’s up this morning as BTC looks headed to $29k. I\u2019d trim and trail. Bitcoin\u00a0reclaimed $20.4K and cleared $22.5K to see $26K+. I discussed the bull flag setup. Some are long vs. $23.8K for a move to $29Kish. It\u2019s at $28K to manage. Scott Redler Positions Disclosure as of 2023-03-20 at 7.30.41 AM  <\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[736],"tags":[],"class_list":["post-66730","post","type-post","status-publish","format-standard","hentry","category-scott-redler-dog-bytes"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=66730"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66730\/revisions"}],"predecessor-version":[{"id":66734,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66730\/revisions\/66734"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=66730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=66730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=66730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}