JPM
Long the BanksSPY looks to have regained its bullish edge over QQQ in the near-term, I expect banks to lead the pack on the breakout / short squeeze.
JPM Bullish sentiment coming Waiting for October may be the best scenario to have some #JPM stocks
As it recovers from the Corona sentiment
Counter-trading Warren Buffet : BUY WFC .Warren Buffet recently reduced his exposure to banks stocks .
How about counter trading him ?
How about being greedy when he is fearful ?
Elliot Wave Model for JPMThere are a lot of different models for this, and It's hard to determine, but some of the models I have seen have the first wave forming at the first high after the covid sell-off (96.55), but I consider that cluster part of market chaos/confusion and consolidation and therefore part of the formation of wave 1, which saw a high 103.47, wave two was a relatively short pull-back from mid April to mid-May followed by wave 3 that reached nearly 115 high. I believe we have been in a long drawn out pull-back since, wave 2 was relatively short and concise, and as such, it makes sense that wave 3 has been longer and meandering (and utterly frustrating), as this is typically the case with waves 2 and 4 (when one is long the other is short or vice versa). At this juncture we may be heading into the beginning of wave 5, where we will break the pre-covid highs in the region of 125, after which we will begin a new cycle.
Enjoy, thoughts please.
Fractal, where art thou fractal? JPMDown to 97 (thereabouts) a gap up to 103…then 105….upward to 110 (ish), back down to 106 (ish) and a decent to 112-115…all in the next two-three weeks.
That’s all folks. It’s all in the starts…err…ummm, it’s all in the triangles…the fractals the waves…what have you, but it is there!! All the banks will follow a similar galactic trajectory---and by “galactic” I mean a little push withing the stratosphere, but hey, up is up…until it comes down.
JPM potential short term gainsSupport lines increasing in price, the potential for some short term gains to around the $111-$112 mark. Buy in @ $100
$JPM is now the time for the breakout?We seen a pretty powerful move in $JPM forming what looks to be a bull flag, can this pattern continue and breakout to the upside? I believe so with the possibilities of stimulus or vaccine news.
STONEX GROUP - While TD Ameritrade and E*TRADE have been bought for insane multiples, Stonex seems to be very under-reported. More than $20B in revenue for the QUARTER, but it trades at $1B market cap?
JPM 115posted a chart like this previously. Looks like a bull flag. Held well above 95. looking for that 100 break and then free run to the next resistance. Alerts are set. Banks are never going to fail so.... :)
long calls though
JPM contrarian earnings tradeJPM is coming out with earnings on Tuesday the 16th. A lot of people are HEAVILY bearish on financials. But how bad are the banks really when they are raking in money from the PPP programs? Not to mention all of the bad loans the Fed is taking off the books? We could see a big pop up after the earnings call. I will be out if nothing happens after earnings. Aug 100 and 110 calls.
Cheers,
-Sherem
JP Morgan (JPM) Estimated Earnings Q2 2020July 14, 2020 JPM will report Q2 earnings.
The chart above lists the estimates and includes a technical analysis.
BanksLike the airline stocks, big banks have all formed similar patterns leading into Monday. Funding seems to have shifted to the banks and airlines. Many banks will be reporting earnings this coming week, including JPM, WFC, Citi (not shown) on Tues. 7/14, USB and GS Wed. 7/15, and BAC, MS, and First National Bank (not shown) Thurs. 7/16.
JPMORGAN STOCK PRICE COULD NOT BREAK SUPPORT AT 91.40JPM stock price has been testing the support level at 91.40 & each time the level is tested, it is met with bulls. Last week Friday bullish reversal looks phenomenon with good volume accompany the rise in price. This is the time to push the price above 100 in the coming days...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
$JPM Earnings playJPM like $C is breaking out of its descending triangle to the upside with RSI breaking the trend as well.
Not advise just a play I’m taking.
Please like or follow I will make more plays in coming days.
Make money!
