JPM
WOW - Remembering all Mr. PresidentsLmao, I did not remember this. It's from long time ago trying to understand a little bit more this bank. Maybe is something irrelevant but it could be helpful to feed the curiosity some people still have and expand their knowledge with a better research. Also if i lose this idea again for some months I'll know where to find it now.
There I tried to find correlation between democrat presidents or republican and the action price development from that far, just for educational purposes like I said. Just to be able to dig a bit more and find political causes related to the historical growing of one of the biggest banks on Earth.
I found this when I was checking other "too big to fail" banks recent movements, to check the impact with all this infinite stimulus have been announced almost everywhere, and anyone with sufficient authority is printing money now. What a mess, isn't it?
Please hope you find your own conclusions from here, always keep that curiosity... and doubt.
Thanks!
A very important ER and inside day for JPM and the marketJPM set to report its earning before the market opens today.
It closed as an inside day yesterday, and there are dual 0.618 and S/D combination
for the sell high @ 116 and the buy low @ 87.
Which, makes the direction of the inside day breakout very important!
Also, as the world suffers from coronavirus,
how do the earning reports perform under the strong pressure is the whole world's focus.
and JPM will be the one that ring the 1st bell!
Let's see how it goes yo, no matter where it breaks,
I'll be interested in some intraday trade with the direction it breaks.
THE WEEK AHEAD: WFC, C, JPM, BAC EARNINGS; XLF, IWM, XLU; /CLEARNINGS:
And ... we're back into earnings season, which ordinarily kicks off with a bunch of financials. Generally, I don't play these for volatility contraction, since they don't get all that frisky generally, but this environment is a tad different from quarters past, with the 30-day in WFC (45/76), C (44/91), JPM (41/63), and BAC (40/70) all greater than 50% and with the sector exchange-traded fund up there as well (XLF (47/58)).
Rather than play one of the single names, I've pondered what could be done in the sector exchange-traded fund, XLF, instead. Pictured here is a long-dated XLF call diagonal with the back month at the 90 delta in June of next year, the 30 delta-ish front month in June of this one. Ordinarily, I don't go that far out in time with the back month, but June '21 happens to one of the expiries with the lowest implied, so it will be one in which the 90 delta has a lower extrinsic value baked into it compared to expiries of shorter duration. Costing 8.36 at the mid price, it has a break even of 23.36 versus 23.38 spot, a debit paid/spread width ratio of .76, and delta/theta metrics of 58.64/.77, so it's neutral to bullish assumption with plenty of time to reduce cost basis via short call roll. You'd be paying 8.36 for an 11-wide, so have a max profit potential equal to the width of the spread (11.00) and what you paid (8.36) or 2.64 ($264) -- about 31.6% return on capital, assuming max profit.
Naturally, it would have been more awesome were one to have gotten in at the 3/22 17.50 lows.
EXCHANGE-TRADED FUNDS WITH 30-DAY IMPLIED GREATER THAN 50%:
XLU (52/52)
XLE (47/75)
SMH (43/57)
GDXJ (41/81)
EWZ (40/74)
EWW (39/58)
SLV (34/50)
XOP (33/100)
USO (32/128)
GDX (28/62)
BROAD MARKET:
IWM (53/54)
TQQQ (47/122)
QQQ (40/42)
SPY (40/41)
EEM (35/40)
EFA (31/35)
FUTURES:
/NG (78/73)
/ZW (69/36)
/GC (41/31)
/ES (40/42)
/SI (34/48)
/CL (32/1555)
/ZC (29/32)
/ZS (21/20)
I reference /CL in the header, primarily due to the background implied, but also due to price action. Some of the volatility may piss out at futures open given a supposed agreement by OPEC+ to cut production by 10 million bpd or so, with the last holdout -- Mexico -- coming on board. If we revist $20/bbl., I will consider adding /CL out-of-the-money short puts.
VIX/VIX DERIVATIVES:
What's new ... . We're in a high volatility environment and in backwardation with VIX finishing the week at 41.67.
MUSINGS:
In The IRA: Things aren't looking all that great for me from an acquisition standpoint with the short put ladders I stuck out there for things on my shopping list -- at least for the April "rung" of them. That's okay, since if they expire worthless, I'll keep the premium associated with that rung. Naturally, if I don't pick up jack via assignment, I'll look at re-upping with a rung to replace the expiring worthless if that happens or just let the remaining rungs ride and look for opportunities going forward. A lot can happen in a week ... .
JMP technicaly based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 JPM technicaly based idea, technicaly indicators showing we can expect higher recovery phase, global economy is in slow phase of recovery, we can see price is near to break FIBO 0.382 in this case FIBO 0.382 is and support zone, expecting to see break ad higher push in price till FIBO 0.6 or till trend line.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
TOTAL BULLSHIT!SOMEONE DOESN'T WANT YOU TO SEE HOW RIGGED SILVER WAS IN 1980!
CURRENCYCOM REMOVED ALMOST 40 YEARS OF PRICE ACTION!
SEE PREVIOUS POSTS! LOOKING INTO IT FOR YOU GUYS!
"JP Morgan: not looking good" by ThinkingAntsOk4H 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!
JPMorgan / testing Monthly EMA50.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 long-term investor, I would wait........
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