Rocketman
Short

The JPM Chase Short: My Retail Sales Prediction

NYSE:JPM   JP MORGAN CHASE & CO
41 0 1
I normally can predict retail sales every month before it happens, but my data is mixed; hence, waiting for data to come out. This rally doesn't make sense. Tomorrow's data will make or break my DQ             pattern!

Comment: Target is obvious:
Comment:
snapshot
Order cancelled: FUNDAMENTALS DO MATTER:

Like I said before, the retail sales data will make ore break this pattern. Retail sales data came out more positive than the consensus expected. Now, the S&P 500 and other markets within the USA are rallying across the board. This is a brimming bull market and not an environment to be short this corner of the world until there is more risk aversion.

Normally, I predict retail sales. This time, I wasn't as sure like that it would come out negative; hence, why I made the comment concerning retail sales.

Fundamentals are the catalyst that drives the market decisions. We need data to be negative, until then, I consider this pattern broken. Why wait to get stopped out when all the data is positive and I can look into the future?

Retail sales data came out positive:
http://www.census.gov/retail/marts/www/marts_current.pdf

Technically, we have smaller breakouts to the upside for JPM because it is following the broad indices. So, orders cancelled. Keeping a skeptical eye out on it and on my gold miner limit orders that haven't been filled yet.
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Comment: If Monday is positive again...withdrawal of my positions for further observation.
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