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SIVB Meltdown- Canary in the Coal mind?Today we saw a systemic risk in the financial sector. The regional banks were hit extremally hard and as a result the Major banks saw sell side liquidation. Where there's one cockroach, there's usually another. Risk in the banking sector is the worst type of risk investors can ask for. Credit liquidity crisis is not something to mess around with. SIVB looks like its in serious trouble potentially being exposed to fraudulent crypto loans that will likely default as well as failed speculative startups in the tech and health care space.
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by Trading-Capital
JPM, Completion of 32 YEARS Bull Run?Is 9 months correction enough for completion of 32 years bull run ? Started at 3.21 on 1990 and ended at ATH , JPM most probably has completed an impulsive section of a large degree wave cycle and currently is in first leg of 3 legs ABC form of correction. As shown on the chart by green horizontal lines, JPM has so far retraced back around 0.382 of whole impulsive section which is acceptable but not typical for correction of bull run of this size. More typical Retracements are 0.618 Golden Ratio and 0.786 levels which suggest 68 or even 39.5 USD for JPM bottom !!. For now, I give more chance to 0.618 level (68 USD) which coincides with strong static support related to top of wave (1). Timing is most difficult and of course least accurate task in charting and technical analysis however, we can extract some clues from chart: First : So far , we had 9 months of correction which I suppose is not enough at all for 32 years bull run. Second: if we use time Fibonacci for 32 years impulsive section and consider lowest Fibonacci level which is 0.236 , we reach to 7.5 years !!. Therefore, correction MAY last for some years. Third: labeled wave (2) (intermediate degree ) correction lasted for 9 years from 2000 to 2009. If our suggested wave count becomes true, we are now in larger degree wave 2 (primary degree) which supports our expectation about multi years correction. Please note dotted red arrow on the chart is more optimistic than 7.5 years correction related to 0.236 Fibonacci level. Our wave count confirmation condition is a trade below what is labeled as wave (4) . This means there is one bullish case scenario which suggest the decline from ATH to be just the correction of what has been labeled as wave (5). In this case, our suggested wave count needs a major update. Some important and educational notes: 1. Chart is very similar to NASDAQ. This remind us importance of index analysis. 2. Wave (2) retraced 0.786 of wave (1) a typical one. wave (4) retraced back 0.5 of wave (3) , another typical one. 3. Elliott waves alternation guideline is beautifully observable on the chart : Wave (2) is broad and long lasting wave (9 years) while wave (4) is a sharp one ( just 3 months). To warp up, If we are a day or swing trader we can use the benefit of lots of ups and downs in the rout of the chart by choosing strong and efficient strategy (Please keep in mind that chart is on monthly time frame). But if we are a long term investor, we need some strong bullish signs and events in the stock and whole market to start investing in JPM, something much more stronger than just one day bounce back or a daily bullish candle. Hope this analysis and explanations to be useful and wish you all the best.
NYSE:JPM
by SaeedSajedi
12
JPM primary trend remains bullish.JPMorgan Chase - 30d expiry - We look to Buy at 136.22 (stop at 132.88) The primary trend remains bullish. The stock is currently outperforming in its sector. 50 1day EMA is at 136.07. The sequence for trading is higher highs and lows. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look for a temporary move lower. Our profit targets will be 144.92 and 146.92 Resistance: 144.34 / 148.00 / 155.00 Support: 139.87 / 138.00 / 135.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:JPMLong
by VantageMarkets
How did the U.S. biggest bank perform in 2022?During the summer of 2022, we laid out a thesis about the stock market progressing in the second stage of the bear market. We said that we would look for signs of corporate underperformance and downgrades in forward guidance within earnings statements for 3Q22 and 4Q22. In the 3Q22 earnings season, many companies began downgrading future outlooks and warning investors of a tough time ahead. For some sectors, inventories rose, and revenue streams showed a decline compared to the previous year's period. With the start of the new earning season, we will pay close attention to the new data, which may or may not confirm our thesis about the market diving deeper into a recession. Interestingly, the last Friday, multiple big banks on wall street announced their earnings statements. These names included JP Morgan Chase, Bank of America, Citigroup, and Wells Fargo. Today, we will briefly examine the biggest U.S. bank - JP Morgan Chase & Co. This bank has $3.66 trillion in assets and has not posted a yearly loss for more than 15 years. Its earnings report is divided into five segments: Consumer & Community Banking, Corporate and Investment Bank, Commercial Banking, Asset and Wealth Management, and Corporate. The bank’s Consumer and Community Banking segment showed gradual growth in net income and net revenue quarter after quarter in 2022. Furthermore, it maintained relatively stable noninterest expenses throughout the year. However, despite that, it posted a 29% less net income in 2022 versus 2021. In 4Q22, the Corporate and Investment Bank experienced a drop of 27% YoY (year over year) in net income. Additionally, in that same period, this division saw a decline in revenue by 9% YoY, and an increase in non-interest expenses by 10%. As for the full-year 2022, the Corporate and Investment Bank brought in 29% less net income versus 2021. Meanwhile, the Commercial Bank brought $1.4 billion in net income for the company in 4Q22, showing an increase of 15% versus 4Q21. Furthermore, it also enjoyed a rise in revenue by 30% versus 4Q21. Despite that, these two segments underperformed when compared to 2021. For the full-year 2022, the net income of this division dropped 20% versus 2021. The Asset and Wealth segment showed steady growth in net income quarter after quarter in 2022. However, it also suffered a drop of 8% in net income for the entire year 2022 versus 2021. The Corporate segment posted a net loss in the first three quarters of 2022 and a net gain in 4Q22. But for 2022, it is the only sector that posted a loss while still showing significant improvement from the last year. For the full-year 2022, JP Morgan Chase & Co. gained $37.7 billion in net income, which is down 22% versus 2021. Its revenue increased by 5.6%, and non-interest expenses jumped by 6.8%. Meanwhile, the company’s stock declined by 16%. Illustration 1.01 Illustration 1.01 shows the daily chart of JP Morgan Chase stock. The stock declined more than 16% in 2022. 2022 (full-year) vs. 2021 (full-year) Net income 2022 = $37.7 billion (vs. $48.3 billion in 2021; -22% YoY) Revenue 2022 = $132.3 billion (vs. $125.3 billion in 2021; +6.6% YoY) Noninterest expenses 2022 = $76.2 billion (vs. $71.3 billion in 2021; +6.8% YoY) Pre-Provision profit/loss 2022 = $56.1 billion (vs. $54 billion in 2021; +4% YoY) EPS = $3.57 4Q 2022 vs. 4Q 2021 (year over year) Net income 4Q = $11 billion (vs. $10.4 billion in 4Q21; +5.8% YoY) Net revenue 4Q = $35.6 billion (vs. $30.4 billion in 4Q21; +17%. YoY) Net interest income 4Q = $20.3 billion (+48% YoY) Noninterest income 4Q = $15.3 billion (-8% YoY) Noninterest expenses 4Q = $19.0 billion (+6% YoY)
NYSE:JPM
by Tradersweekly
9
JPM Earnings Reversal PatternJPMorgan Chase (JPM) reported earnings today for the 4th quarter. There was no surprise for the professionals and for the Dark Pool Buy Side Institutions. They already knew what the numbers would be. Today's candle was not just a bullish engulfing candle. It is what we, at TechniTrader, call a major fundamental REVERSAL candlestick pattern. This is a huge one-day reversal that started out as a High Frequency Trader (HFT) gap down on negative expectations from the retail side and social media telling traders to sell short JPM. Those retail day traders who tried to sell short JPM got whacked big-time. Margin calls are likely, as the sell short losses on this large of a reversal candle are huge. Why did the stock price reverse so quickly? The outlined area of the sideways consolidation pattern reveals Professional Traders’ setups ahead of the earnings report. The stock dipped into this price level, and then buying commenced that is well above average for JPM stock.
NYSE:JPM
by MarthaStokesCMT-TechniTrader
$SPY $SPX $ES1! Analysis, Key levels, and Targets $SPY $SPX $ES1! Analysis, Key levels, and Targets I honestly love TA so much. It’s so fascinating to me. Those who trade without TA, like say, just using the option chain, are really missing out on a cool thing…. Not a huge change since yesterdays update, but we did get into the gap but failed to fill it and were rejected at the Daily 200MA… Tomorrow we have some Bank earnings (JPM, BAC) in premarket (8:30) and so will start the earnings season - and I’m super excited about it all… I just want to add that I do love being bullish, but today I was driving around and really started to notice the amount of commercial real estate vacant with for lease signs… and I remember 07 and how that was the first signal that something was wrong…. I want to be bullish - but I just am not yet… but there are so so many amazing opportunities in a bear market… and if done right - this is where the generational wealth comes from…. I did add to my 410 put position in April… I’m now 8 deep with an average of 22.31 - I absolutely had to with VIX so low today - and I covered my short 379 puts expiring tomorrow for 97%, looking to sell for next week tomorrow…. And thanks so much for the super awesome support about the video… I will definitely be doing more of that soon!! Hopefully I’ll lean into doing mostly video… I know it’s a pain to read my long rambles sometimes… LOL… so it will be easier on all of us… Have a fun day trading tomorrow, y’all… 💃🏻 P.S. Yes stupid willy looks like it might cross up… but I’m reading the weakness before it, all of the chop during the holidays as just that, holiday chop…. I don’t see much strength in that cross up and RSI and MacD aren’t supporting a cross up yet…. So lets see how these first earnings go…
AMEX:SPYShort
by SPYder_QQQueen_Trading
2
$TSLA $AMZN $GOOGL $MSFT $AAPL $DOGEUSD $NFLX $SNAP $META #NIFTYNASDAQ:TSLA Fair Priced. > 70% down from the ATH Now opportunity to double the money. CMP 125$ Target 250$ Duration < 12M SL 60 RR > 2 time Return > 100% Bet is worth taking the risk! TSLA AAPL AMZN GOOGL MSFT NFLX SNAP META NIFTY BANKNIFTY V JPM GS ADBE Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NASDAQ:TSLALong
by Rachit_Sethia
2
JP MORGAN Ahead of a Golden Cross. Strong bullish signal!JP Morgan Chase & Co. (JPM) has basically turned sideways since November 11 (despite the marginal November 25 Higher High) putting a pause to the enormous 1-month rally since the October 12 bottom. The big news on this chart is that the 1D MA50 (blue trend-line) is about to cross above the 1D MA200 (orange trend-line) to form the infamous pattern of the Golden Cross on the 1D time-frame. This is technically very bullish and in fact the last time we saw this formation was on November 13 2020, almost 2 years ago! As with today, the price was again just below the 0.5 Fibonacci retracement level, just a few days before the Golden Cross formation and after it was completed, started one of the strongest rallies in recent times, making a new All Time High on January 12 2021, essentially just 2 months after. Now obviously that was the era of 'cheap money', when the Fed printed trillions of USD in a very short period of time to support the economy during the COVID lockdowns. We can't expect the stock to rally as fast and as aggressively but still, as long as the Golden Cross is formed and the 1D MA50 supports, we can target one Fibonacci level at a time. Notice how similar the 2020 COVID recovery is with the 2022 (today) one. The 1W MA200 is in a symmetrical place, the 1D RSI was pulling back on the same fractal and the 1W MACD rebounded on the same level. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:JPMLong
by TradingShot
JP MORGAN CHASE & CO.Sunday, 13 November 2022 19:33 PM (WIB) JPMorgan Chase & Co. is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research. It operates through the following segments: Consumer and Community Banking, Corporate and Investment banking, Commercial Banking, and Asset and Wealth Management. The Consumer and Community Banking segment serves consumers and businesses through personal service at bank branches and through automated teller machines, online, mobile, and telephone banking. The Corporate and Investment Bank segment offers a suite of investment banking, market-making, prime brokerage, and treasury and securities products and services to a global client base of corporations, investors, financial institutions, governments, and municipal entities. The Commercial Banking segment provides comprehensive financial solutions, including lending, wholesale payments, investment banking, and asset management products for Middle Market Banking, Corporate Client Banking, and Commercial Real Estate Banking. The Asset and Wealth Management segment provides investment and wealth management services. The company was founded in 1968 and is headquartered in New York, NY.
NYSE:JPMLong
by RyodaBrainless
JPM and Banks Report FridayJamie Dimon has set the fear expectation, prior to the banks report this week. Attached is the JPM CHART on a 15 minute time frame The lines on the chart are referenced below and on the chart. Yellow Dotted = Intraday Levels White Dotted = Daily Chart Levels I expect the PPI or CPI to be a catalyst for the market to get a counter trend going and Friday bank earnings to be the counter trend continuation. Again, those are my technical thoughts and outlook, of which, could be different from yours', so please stick with your trading rules and risk management.
NYSE:JPMLong
by bsdvs23
JPM - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. JPM is overall bullish trading inside our brown rising broadening wedge and it is currently approaching a demand zone and round number 100.0 Moreover, the lower brown trendline act as non-horizontal support. Thus, the highlighted purple circle is a strong area to look for buy setups as it is the intersection of: 1- Green Demand Zone 2- Brown Trendline 3- Round Number 100.0 As per my trading style: Since JPY is already around the purple circle, I will be looking for reversal bullish setups (like a double bottom pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYSE:JPMLong
by TheSignalyst
3