Recovery rally or relief rally whatever this may be trade it level to level and keep stop losses tight and diligence, headlines are you enemy
I read an interesting WSJ article this morning on JP Morgan. It seems that CEO Jamie Dimon believes JP Morgan can maintain its dividend even if GDP dips 35% this year. The bank has a large cash pile and a diversified portfolio because Dimon has long been designing JPM to be a "port in a storm." www.wsj.com JPM currently has a 4% dividend. It's possible that if...
JPM. Primary bearish. For this to hold true, it must stay below the trendline on chart. Target is v = 78.
JPM Buy @ CMP $92, SL $88.0 Target $99.0
4H Chart Explanation: - Price broke the Ascending Trendline and the Support Zone (now Resistance). - It went down towards the next Support Zone and bounced from there. - We expect price to retest it and, then, face a difficult zone on the Weekly Ascending Trendline. Weekly Vision: Daily Vision: Updates coming soon!
Condition: 1. Downtrend line was broken by breakaway Gap (G1). Start a new trend. 2. double bottom reversal pattern in Weekly demand zone 3. Fib# 0.382 retracement, 4. demand zone. Entry in demand Zone: below 92 Stop: 90 Target1: 97; risk/reward=1:3 Target2: 103; risk/reward=1:5 DZ2: This is a better demand entry, and match Fib# 0.618; If it is a...
Dates in the future with the greatest probability for a price high or price low
Bought 1/3 of my position @ $80. I'm planning to buy more near $50-60.
The latest I heard is Boeing and AB InBev have drawn down big chunk of cash from the loan facility. If this is the start of a trend, more cash will be going out of banks than coming in. Interest rate continues to head lower. There are no positive catalysts for the banks.
$JPM is an excellent example of the good news and bad news state we find ourselves in. With zero interest rates, banks are doomed as I have highlight before. $JPM is a long way from a real trough. However, the price action is sitting on a weekly SSR support and the $ESA is looking bouncy. Watch out if you are short.
It's now possible to own bank stocks and have the dividend yields carry the investment - for example using a larger renegotiated mortgage or 2nd mortgage for financing. It is highly likely this arbitrage opportunity will provide a floor (downside resistance) and simply wait for the economy and markets to stabilize (cap gains). The Canadian banks are particularly...
If you are a long-term investor, I would wait JPMorgan Chase & Co.testing Monthly EMA50. 38.2% correction since 2009 low. RSI monthly 44- RSI weekly oversold 25, but no divergence. Too risky to short, to early for long-term buying. Long-term stock investors still shouldn’t buy the dip, but it’s an opportunity-filled environment for pro traders. If you are a...
Possible gap fill trade opportunity Entry level $102 Target price $106 Stop loss $100 PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL. THANK YOU.
Hardest RSI hit in its history on the weekly even more than 2008, and internet bubble. Monthly it would be best at a 37 RSI level for a strong buy. Price was far more battered on those RSI levels in the past. RSI will hit oversold before the price gets battered more. Support levels given.
JPM on the 15 min Block broke out of previous day's low Price found support. Gap above, if breaks gap, then price will continue upward.