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JPM

Golden Zigzag on JP Morgan. JPMA Wave, B Wave with ~ 0.618 retracement with fibtime <1, now likely impulsing to the downside. Pretty convincing. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:JPMShort
by Rykin_Capital
JPM: Potential reversal?JPMorgan Chase Intraday - We look to Buy at 109.10 (stop at 104.26) Short term momentum is bearish. Bespoke support is located at 109.00. Price action continues to gravitate towards crucial support levels with aggressive selling interest. Support could prove difficult to breakdown. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 122.26 and 128.00 Resistance: 123.00 / 133.00 / 172.00 Support: 109.00 / 90.00 / 70.00 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
Swing Trading using Island ReversalsIsland Reversal are powerful reversal signals so as a swing trader I'm always searching these out and/or watching them form. The most powerful Island Reversals generally occur around some sort of news event (or sometimes prior to a news event if Wall Street is in the "know") and typically leads to fairly violent initial move to the upside or downside. What is important about the "strongest" of these reversals is that the "white space" will remain for some time and/or never clears! Below is the chart of SPX prior to the Covid vaccine approval announcement: Who can forget the Mother of all Islands! JPM- TSLA- What are some of your favorite Island Reversals?
SP:SPXEducation
by Vixtine
11
JP Morgan (JPM) Post Earnings PullbackFor certain stocks I have Spike alerts setup on multiple timeframes to find opportunity. Today a Spike Alert triggered on the 2 Hour Swing Timeframe for NYSE:JPM . Where this spike in the opening morning price is occurring is at the 50% Pullback to the post Earnings rally. I was able to put on a position at the 50% proper this afternoon. This sets up a very low risk entry to play a move back to retest to highs of the post-earnings rally and beyond.
NYSE:JPMLong
by norok
3
JPM - Strong Support Ahead!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: As JPM approaches 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
16
JPMorgan Chase | Fundamental Analysis | MUST READ | SHORT 🔔JPMorgan Chase, the largest U.S. bank by assets, upset the market last week when it reported second-quarter earnings that fell short of analysts' expectations. The bank also suspended share repurchases to raise capital to prepare for higher capital requirements in 2023 and 2024. After these two setbacks, is it still safe to buy the bank's stock? JPMorgan's main second-quarter numbers are certainly not what investors wanted to see, but still, most of them were expected. The Federal Reserve's annual stress test and consistent warnings from JPMorgan management told anyone who paid attention that capital requirements would increase, leaving the bank with less excess capital to distribute to shareholders. The bank still has a tremendous amount of capital but has essentially become a victim of its own success as the bank's growing size and other factors have led to higher regulatory capital requirements. Incredibly strong corporate and investment bank JPMorgan Chase also posted its least profitable quarter in the past five quarters, posting a profit of about $3.7 billion. Investment banking fell sharply as events such as initial public offerings (IPOs) did not take place this year amid market volatility and uncertainty. Investment banking revenues fell by nearly $2.1 billion from the same quarter last year. Nevertheless, JPMorgan maintained its No. 1 position in the investment banking sector in terms of wallet share. Although the bank fell short of forecasts, there were a few positives to note in the quarter. Lending continued to grow, and net interest income ( NII) - the profits that banks make from loans, securities, and cash - also grew. Total average loan balances were up 2% from the previous quarter and up 7% year-over-year. Credit card balances jumped 9% in the quarter and rose 17% year over year. Commercial loans at the end of the period were also up 4% quarter-over-quarter and 10% year-over-year, with particular growth in the mid-market banking sector. Banks are also in the most aggressive increase in interest rates not seen since the Great Recession. NII was $15.2 billion in the quarter, up $1.3 billion from the first quarter. In addition, management raised its NII forecast and now expects NII, excluding market-related NII, to be $58 billion for the year, up from the previous forecast of $56 billion. Credit quality so far remains very high, and management also maintains its forecast for spending at $77 billion for the year. Although the forecasts fell short, JPMorgan still posted a 17% return on tangible total equity (ROTCE), which is the bank's return on equity after deducting intangible assets and goodwill. This figure is in line with the bank's immediate financial goals. In addition, NII continues to improve. We are hopeful that investment banking activity will begin to recover later this year. While capital returns will be more modest in the near term, JPMorgan still has a tremendous amount of capital and is indeed constrained by regulators, which is beyond its control. The bank's stock currently trades at 163% of its book value or net worth, and less than eight times earnings, a historically low valuation in recent years. For this reason, we rate the stock a "buy" because, despite the lower valuation, the bank's business has only gotten stronger in recent years.
NYSE:JPMShort
by FOREXN1
12
Finding a silver lining in JPMorgan’s 2Q earnings report Yesterday, JPMorgan Chase (NYSE: JPM) reported that the bank's second-quarter earnings fell as a result of adding $428 million in bad loan reserves. With this view, JPMorgan has chosen to temporarily halt its share repurchases in order to meet regulatory capital requirements. According to a statement from JPMorgan, the reserve rise was primarily to blame for the earnings decline of 28% from a year earlier to $8.65 billion. Additionally, JPMorgan, which has one of the largest operations on Wall Street, was hurt by the slowdown in Wall Street transactions. Investment banking fees dropped sharply by 54% to $1.65 billion, $250 million less than the forecasted $1.9 billion. Fixed income trading revenue increased by 15% to $4.71 billion, Although it still fell far short of analysts' expectations of $5.14 billion for the quarter while strong results in macro trading were offset by a decline in credit and securitized products, resulting in a quarter-end revenue that was far below analysts' $5.14 billion projection. On the positive side of its report, revenue from equity trading increased by 15% to $3.08 billion, beating the estimate of $2.96 billion. Rising U.S. interest rates and a growing book of loans are two positive factors for the firm. For the quarter, net interest income increased by 19% to $15.2 billion, exceeding analysts' expectations of $14.98 billion. JPMorgan stated during the firm's investor day in May that rising rates will allow it to surpass its main goal of 17% returns this year faster than anticipated. However, the firm has achieved that goal this month. JPM stock dropped about 5% in intra-day trading on Thursday but found the support to finally settle only 3.5% lower at closing. JPM now trades at a 90-week low, but with a rumored 100 basis-points rate hike due from the US Federal Reserve within a couple weeks, perhaps bank stocks will find their bottom before the rest of the market.
Editors' picks
NYSE:JPM
by BlackBull_Markets
6
JPM - BULLISH SCENARIOJPMorgan Kicks Off Bank Earnings Season The bank will re-test the major resistance of the falling wedge. If a positive outcome occurs the next major resistance level is located at $132, or more than a 16 % possible return for the bulls. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:JPMLong
by legacyFXofficial
Rotation - After gyrationsINVESTMENT CONTEXT S&P 500 Energy Sector has registered 10-trading day decline dropping by 23.7% as fears of recession and lower demand pushed traders to liquidate longer-dated positions On June 23, all 33 of the U.S. biggest banks, some of which considered as systemically important, successfully passed the Fed's annual stress tests, confirming their ability to lend and maintain capital levels during severe economic breakdown During the summit in Brussel on June 23, Ukraine and Moldova formally received the symbolic status of "candidates" to join the European Union JPMorgan does not expect a recession to materialize over the next 12 month; according to the Bank, global growth will accelerate from 1.3% in the first half of 2022 to 3.1% in the second part of the year thanks to recovery of Chinese economy On a different note, Germany warned that Russia's move to curb natural gas deliveries to Europe could trigger an economic downfall similar to that caused by Lehman Brothers at the onset of the Great Financial Crisis Copper prices recorded 16-month low on June 23 because of growing worries about rising COVID-19 cases in China and stoking worries of a global economy recession PROFZERO'S TAKE As the world finally takes notice that there won't be a solution to the current industrial crisis unless a global strategy on energy emerges, ProfZero has witnessed the steep correction faced already by commodities just on fears of a recession. Brent crude has plunged to USD 110/boe after some bull analysts forecasted it could top its all time high at USD 147.50/boe (July 2008); iron and copper are down 30% and 17%, respectively, on a monthly basis, while also wheat prices retraced 25% from the all-time high touched on May 17. Albeit encouraging under an inflation perspective, these signs may be indicative of greater distress in commodities - hence more stringent need to quickly restructure global supply chains, particularly as soft commodities are exposed to extreme conditions (Italy drought) Growth stocks roared back on June 24, as traders unloaded Value and commodity-driven stocks repositioning in favor of the battered tech segments. ProfZero argues the move comes as investors reassess the likelihood of a recession, which would undoubtedly punish cyclical players, starting from big-ticket items (automotive, leisure operators) down to non-core consumer goods (non-food retail, handheld devices). As Growth trades still at record lows, it might be a good chance to start fishing for opportunities before the next cycle kicks-in - yet bearing in mind that within the next 2 weeks markets will still likely face volatility spikes due to June inflation reading in the U.S. (ProfZero does not expect a major slowdown yet from May's 8.6%) and Q2 earning season After Citi and Deutsche Bank located the probability of a recession in the U.S. at 50%, JP Morgan historical bull Marko Kolanovic reiterated his positive stance for a soft landing in the second half of the year, thanks to solid Chinese recovery and stabilizing geo-political conditions, including the conflict in Ukraine . As much as in May, ProfZero fails to share Mr. Kolanovic constructive tone. Although fully persuaded the war in Ukraine shall end, any tangible sign of relief for the world economy will take months to materialize. In China, President Xi has confirmed the country will achieve the 5.50% GDP growth target it set; yet, it remains to be seen then how the country will cope with its internal hurdles in real estate and rampant industrial overcapacity (steel)
by ProfZero
Real economy beating expectations yet markets trading in red 🤔INVESTMENT CONTEXT President Vladimir Putin said that Russia was not blocking Ukrainian wheat from being exported, and that the grain could be dispatched via ports controlled either by Russia or Ukraine. Before the war, Russia and Ukraine accounted for ca. 29% of international annual wheat sales U.S. economy added 390,000 jobs in May, beating analyst expectations (325,000) and showing resilient real economy in the face of rampant inflation and higher interest rates Crude oil inventories in the U.S. fell to 414.7 million barrels in the wake of strong demand, yet limiting chances of further releases to cool domestic energy prices Goldman Sachs COO John Waldron followed JPMorgan's CEO Jamie Dimon saying “This is among if not the most complex, dynamic environment I’ve ever seen in my career". On a similar tone, in a leaked Tesla email, Elon Musk cited having a "super bad feeling" about the economy as the main reason for shedding 10% of the company's workforce PROFZERO'S TAKE When good news are met with S&P 500 dropping more than 1.50%, and Nasdaq doing even worse at 2.47% in the red, we know something is off. That's what happens when bears are in control, and policy makers are desperate to understand how far can they move with tightening before the backlash. A remarkably strong U.S. economy just added 390,000 jobs in May, beating analyst expectations and reassuring the Fed it could maintain the trajectory of 50bps rate hikes in July and August. ProfZero clearly welcomes Main Street's resilience and rising wages - yet, as anticipated in Step99 podcast, it cautions against the forward-looking effects of monetary policy vs. the actual state of the economy. As pointed out by The Economist, "A recession in America by 2024 looks likely" - today's strength of the real economy may at best soften its blow Citigroup CEO Jane Fraser sees "three R" whiplashing EU economy - rates, Russia and recession, this latter happening in Europe ahead of the U.S. because of "the energy side (...) really having an impact". ProfZero has made energy a key theme of this Parlay, with potentially more decisive effects on the real economy than monetary policy. With Brent testing again USD 120/boe and fading cushion inventories from the U.S., it is hard to imagine how the EU will cope with the next cold season without rationing output, hence slashing GDP growth. Regasification plants and last-generation nuclear are definitely tools of the future; but by then, are seaborne imports going to be enough? Equities are definitely off the lows witnessed in April and early May - perhaps Musk's "super bad feeling" and Mr. Dimon's "hurricane" are rather looming on the real economy? Not an inch less worrying... BTC once again confidently breaking up the mid-term triangle pattern and trying to regain 32k after trading below 30k on June 4-5 - and yet ProfZero's eyes are set on the lurking death cross on 200MA PROFONE'S TAKE After sharing about lithium and nickel, ProfOne completes the overview of rare minerals that are crucial for the production of batteries setting its eyes are on cobalt. Cobalt prices soared from USD 30k/ton in January to USD 52k in May - on top of the 2x surge in 2021 vs. 2020. According to the Cobalt Institute, in the next five years cobalt demand is expected to hit 320k/ton, up from 175k/ton in 2021. ProfOne argues that meeting such demand won’t be operatively easy. For once, cobalt is yet another highly concentrated resource: about 70% of world’s cobalt comes from the Democratic Republic of Congo, where production is dominated by Chinese companies and commodities trader Glencore (GLEN). Adding to it that world's second supplier of cobalt is Russia, the metals puzzle turns out to be a fairly intricate one
CME:BTC1!
by ProfZero
Did someone forget we are in a bear market?INVESTMENT CONTEXT JPMorgan CEO Jamie Dimon stated at a banking conference that investors should brace for a "hurricane right out there down the road and coming our way" At the same conference, Wells Fargo's CEO Charles Scharf added "the scenario of a soft landing is (...) extremely difficult to achieve in the environment (...) we're in today" U.S. manufacturing data for May positively surprised, with the index declining to 56.1 vs. analyst expectations of 54.5 - demand apparently remains strong even amidst supply-chain constraints choking retail Italy's natural gas distribution leader Snam bought a floating regasification terminal with capacity of 5 billion cubic meters a year from Golar LNG as efforts to diversify energy supply off from Russia gain pace President Joe Biden is expected to be visiting Saudi Arabia later in June to discuss greater OPEC+ commitment to lift crude oil production in a bout to lower prices PROFZERO'S TAKE Equities are failing to keep up the rebound attempted last week, on the back of still weak fundamentals and waning technical support - Nasdaq testing the 12k mark in particular testifies that a much-awaited bounce back in tech stocks simply can't hold for now. Tellingly, Jamie Dimon's meteorological metaphors muted from "big storm clouds" just on May 23 to a "hurricane"; ProfZero won't broadcast on The Weather Channel, but definitely concurs the winds of volatility will be blowing strongly for a few quarters more Encouraging signs from Saudi Arabia are tempering concerns of even higher crude oil prices due to Russia's output being squeezed by sanctions. OPEC+ largest producer indicated it will step in raising output should Russia's quota drop excessively - yet ProfZero argues that can't be expected happen too fast, given the cartel's clear liking for the current price environment. Call on President Biden to ease the increase ProfZero won't say "I told you" - the big red candle on page 3 does an already excellent job reminding BTC traded in overbought territory for almost 2 sessions. Calling the bottom now? Only on stronger fundamentals PROFONE'S TAKE ProfOne set its eyes on lithium, indicated by IEA as the mineral for which demand was growing the fastest. Lithium price ballooned 68% since the beginning of 2022, and car manufacturers do not anticipate any easing for several years, now that the European Parliament just voted to ban the sale of new cars with combustion engine from 2035. Lithium demand is growing so rapidly that ProfOne understands why Tesla (TSLA) CEO Elon Musk wants to integrate upstream into lithium production. Lithium shares a common issue in the commodity space - 80% of the world’s lithium is mined in just 3 countries, namely Australia, Chile and China. Yet another head-scratching factor amidst talks of de-globalization and tighter supply chains PROFTHREE'S TAKE This week was rich in Purchasing Manager’s Indices (PMIs) print for May in China. Both the official manufacturing PMI and the Caixin gauge beat expectations, ticking up from April lows. Although the figures remain below the 50-point level which separates growth from contraction, the negative trend seems to have come to an end (or a hold) thanks to lifting in COVID-19 restrictions. ProfThree sees optimism over Shanghai reopening to continue, yet warns against being too naive to exclude the probability of another variant coming. With China’s economy reeling and limited headroom for monetary stimulus due to soaring inflation, it is too early to call a rebound. Profs remain cautious about this year’s economic perspectives for the country - and in a certain way for the (ex?) globalized world at large
CME:BTC1!
by ProfZero