It is highly likely beside closing the gap as shown in the chart, if the overall market did not show any bullish signs, then we can expect this stock, JPM to to revisit the March 2021 low once more. From there, it will consolidate for a while before we see any rebound.
JPM, and for that mater virtually all bank shares have had an incredible run since late October.
The acid test will be the JPM earnings release this Friday… will loan provisions, a more accurate mark to market accounting and delayed tax selling finally catch up ?? … Stay tuned.
Harmonically we are in an interesting crossroads with a 5-0 harmonic pattern in...
In the intricate dance of finance, JPMorgan's fourth-quarter 2023 results unveil a narrative of resilience, strategic prowess, and a cautious gaze toward potential headwinds. As the behemoth financial institution reported adjusted earnings of $3.97 per share, surpassing expectations, CEO Jamie Dimon's reflections on the U.S. economy's resilience and his...
Lower prices means a big movement in the market, i believe will happen soon in this Q1 2024. An initial volatile push to the lows and eventually at the end of the recession 2024-2025 below $20. Caution with your money.
Induction already endend, no more room to the upside.
It is probably wise to sell NYSE:JPM JP Morgan shares after a strong rally.
We could be seeing a double top, and is due for a correction or hard sell-off.
I think most of the banking sector is in trouble, and that will be coming to light in the next few weeks.
Sell JPM and the US Banking sector in General as it looks like the Long Financial Trend could reverse...
This week the reporting season begins — company results for the 4th quarter will certainly become one of the most important drivers of stock index prices, along with the publication of news about inflation, the labor market, and statements from the Federal Reserve.
Large banks will traditionally be among the first to report: JP Morgan, Bank of America, Wells...
NYSE:JPM is the last Bank that has been able to hold onto its Dow 30 component status. It is running up on a combination of buybacks and ETF development for Dow 30 index components.
The stock is over-speculated heading into the earnings season. Volume Oscillators show the extreme pattern clearly. So even minimal weakness in the earnings report could cause an...
Bank of America Corporation (symbol ‘BAC’) share price rose by around 22% in the last quarter of the year and managed to cover the losses incurred in the previous quarter. The company is expected to report its earnings for the fiscal quarter ending December 2023 on Friday 12th of January before market open. The consensus EPS for the quarter is $0.68 compared to...
Shares in JP Morgan Chase and Co (symbol ‘JPM’) had a rather aggressive bullish rally beginning in late October and managed to gain around 20% in just 2 months. JPM is expected to release its earnings report for the quarter ending December 2023 on Friday 12 January, before market open. The consensus estimate for earnings per share is $3.64 compared to the result...
JP Morgan Chase (JPM) has been trading within a Channel Up pattern since the October 12 2022 market bottom. Currently it is on a relentless rally since the October 27 2023 Higher Low, which is technically the Bullish Leg towards the Channel's top and new Higher High.
The peak points of the previous two main Bullish Legs of the Channel Up, took place when the 1D...
JPM may be overbought on the 1D technical outlook (RSI = 82.199, MACD = 3.72, ADX = 70.645) but is extending the bullish leg of the 14 month Channel Up. It sits comfortably over its middle and calls for an extension. We will enter on the closing of the first red 1D candle and target the 1.618 Fibonacci extension (TP = 174.00), which was the December 1st 2022...
JPM was in a huge symmetrical triangle, and a few days ago, it broke out of it. However, while breaking out of it, JPM was already overbought, and there is a small chance it can continue with this pump further without cooling down.
Yesterday it made a huge bearish reversal engulfing candle, which is showing the turnaround is here. MACD is trying to turn down,...
My SSG system produced a sell signal on JPM. Volatility not so attractive to short calls imho, so I am looking into buying puts currently, maybe financed by a short call...
Trading without high margin, or trading with lower leverage, can offer several benefits for traders. Here are three steps and their associated benefits:
1. Risk Management:
- Benefit: Lowering the margin reduces the potential for significant losses.
- Explanation: High margin trading amplifies both gains and losses. While it can lead to substantial...
After a 16 day upswing, 7 consecutive green days, and a sharp rejection at the current level, perhaps a good level to buy PUTs? Close out if any close above today's level.
