JPM a financial rockstar in stampede mode LONG
Updated
JPM on the daily chart has plain and obvious consistent momentum albeit with corrections.
The markets are expected to thrive in this lection year and three rate cuts are projected
in the net 8 months. The best time to buy JPM was both March 22 and October 23. I suggest
the next best time is now before the forecasted rate cuts are factored into price ahead of
the cuts. I just got notified of unusual options volumes for a price of 220 for the July 24
expiration which is not a surprise and is the month of the presidential nominating conventions.
That is 10% above current price and suggests the options buyers are expecting price to be
in that money by July meaning maybe a target for price is 225-250. No matter, I am getting
mine now before the prices rise.
The markets are expected to thrive in this lection year and three rate cuts are projected
in the net 8 months. The best time to buy JPM was both March 22 and October 23. I suggest
the next best time is now before the forecasted rate cuts are factored into price ahead of
the cuts. I just got notified of unusual options volumes for a price of 220 for the July 24
expiration which is not a surprise and is the month of the presidential nominating conventions.
That is 10% above current price and suggests the options buyers are expecting price to be
in that money by July meaning maybe a target for price is 225-250. No matter, I am getting
mine now before the prices rise.
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Zoomed in chart shows the dip before the fed news and the bullish continuation after it - that was the best entry of the recent trading sessions there will be otherspotentially are early as Friday
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