Jpmorgan
JP Morgan updateTrade closed on the long as we test resistance. Now overbought testing confirmed highs. Great risk-reward for a short here. Looking at smaller time frames after US session opens to time the entry. JPM was downgraded by several equity funds. They have a market cap of $372.89B.
Good Luck!
Analysis of JP MORGAN 11.09.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 117.10
• Take Profit Level: 119.00 (190 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 115.50
• Take Profit Level: 115.00 (50 pips)
USDJPY
A possible long position at the breakout of the level 107.85
GOLD
A possible short position in the breakdown of the level 1483.00
USDCHF
A possible long position at the breakout of the level 0.9945
GBPUSD
A possible long position at the breakout of the level 1.2390
Analysis of JP MORGAN 31.07.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 117.10
• Take Profit Level: 119.00 (190 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 114.50
• Take Profit Level: 113.50 (100 pips)
USDJPY
A possible short position in the breakdown of the level 108.40
GOLD
A possible long position at the breakout of the level 1433.00
USDCHF
A possible long position at the breakout of the level 0.9920
EURUSD
A possible short position in the breakdown of the level 1.1130
Daily JPM forecast analysis08-JUL
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: About to begin a downward trend as a rebounding trend gradually gives way to increasing limited rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening selling flow when stock market opening.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.4% (HIGH) ~ -0.5% (LOW), -0.3% (CLOSE)
%AVG in case of rising: 1.4% (HIGH) ~ -0.1% (LOW), 0.9% (CLOSE)
%AVG in case of falling: 0.5% (HIGH) ~ -1.3% (LOW), -0.8% (CLOSE)
LIMITLESS Nice trade on bitcoin long that started a week a go. There's a saying that unless the money flows down to the little man on the street there will be blood on the street - I believe it goes back to the Boatman in Greek Mythology where if you don't give him a golden coin you can't pass through. One of the research pieces I did two months a go entailed studying derivative heat maps analysing colour to see how price could be broken down in a more advanced format than just your outdated 1980's trendline tools that you see on here. Energy works by going from a large amplitude to a minute aplitude. Human eyes can't detect the large infra red waves or the high ultra energy waves. Unless you use tools or cameras to see the waves. Try looking for a infra-red wave with a ruler vs using an infra-red camera to detect it. At the end of the day derivatives are derivatives - listening to ideas by systems that can't trade effectively or only apply to one market is not going to work. You need to be thinking how to trade from a quant standpoint - between 2010 and 2020 the second biggest appication AI investmenst were made for was Financial Markets. So I think the price action in Bitcoin will continue to defy expectations. Those thinking that lightning will strike twice and bitcoin will hit 100K are mistaken. JP Morgan have a lightning machine now it's called the short futures contract. 100B short and bang all your money is halved when they short Bitcoin down to the ground. All that is happening at the moment is they are allowing the price to slowly accumulate to make some money for when they short it.
Apart from that rant Bitcoin is still a long for now.
Results of the week, 10 years of growth in US and plan for week
The publication of statistics on the US labor market was the top story. We warned that the data will come out much worse than forecasts and recommended selling the dollar before the data has been published. Those of our readers who followed the advice should have earned good money. But back to the data. With the forecast of + 175K, in fact, the number of NFP was only + 75K. In addition, wage growth was below the expectations of experts.
This is definitely bad news for the dollar, which is giving the Fed a reason to lower the rate at the meeting to be held next week. In this regard, our recommendations remain unchanged this week - we will look for points for its sales.
At the same time, we cannot but note an important for the US economy anniversary - 10 years in a row of economic growth. Also, this fact is remarkable by the fact that if growth continues for another month, it will be the longest period of economic growth in the United States since 1854 (!). But there was no particular joy among analysts and investors. The aggregate GDP growth for this period has not even grown by half from the growth that was recorded in the period 1991-2001. And investors' fears that growth will stop increasing with each passing day. China, Mexico, the EU and might be Japan. The economic data is a growing concern so far, recall the statistics from ADP or the data on the Manufacturing Purchasing Managers Index from Markit, that in ay dropped to the lowest values since September 2009. As a result, analysts JPMorgan Chase & Co. increased the likelihood of a recession in the United States from 25% to 40% in the second half of 2019.
There are no major events like NFP or announcements of the results of the leading Central Banks, but there will be plenty of statistics on China (trade balance, inflation, industrial production and retail sales), Great Britain (GDP, trade balance, labor market and industrial production) and the USA (inflation, industrial production and retail sales).
As for our trading preferences, they have not changed over the week. And what's the point of changing positions that make a profit? Almost all of our recommendations for last week turned out to be a good plus. So, we will continue to look for points for the sales of the US dollar primarily against the Japanese yen, as well as the euro and the British pound, sales of oil and the Russian ruble, as well as buying of gold.
Fair price for Bitcoin, the pound - worst week, artificial oilJPMorgan Chase & Co analysts in connection with the rapid growth of the cryptocurrency market in recent times, and Bitcoin in particular, have thought about the question “what is its fair price?”, so-called intrinsic value. Determining the fundamental cost of cryptocurrency is a very difficult and highly ambiguous question, but considering Bitcoin as a commodity asset, you can simply calculate the amount of the cost of "its production" (electricity, the computing power of computers, equipment depreciation, etc.).
So, according to their calculations, the current price sharply exceeded the “cost price” of Bitcoin. This last happened in 2017. We know the result. Recall, any increase in cryptocurrency should be used for their sales – that is our position.
The pound remains under pressure. Actually, previous week was the worst for the pound since 2017. There was little chance that the Government will accept the deal. And the chair Theresa May is sitting on wobbling quite a lot. According to the polls, the most likely candidate is Boris Johnson. Property prices in the UK are continuing to decline, reflecting the concerns of investors and consumers about the results of Brexit. Given that there is no domestic political unity in the UK, the chances for a positive outcome in the near future are not visible. This means that the pound will continue to be under pressure. Like real estate prices in the country.
Oil price is growing. The reasons are the same - tensions in the Middle East and the potential threat of war with Iran. Despite the fact that the current desire of the market is to buy oil, we recommend looking for points for sales on the intraday basis as well as medium-term. Why? - some artificiality of the current market conditions. OPEC + has limited the offer, but this process is unnatural and at any time in the market may appear 1.2 million b / d above. The current position of Russia, that proposes not to rush to the issue of extending OPEC + after June is playing in its favor. At the same time forecasts for oil demand have become increasingly gloomy lately.
Important macroeconomic statistics will not be published today, so the events will probably continue to evolve in line with current trends.
Our trading positions for today are as follows: we will look for points for buying the euro against the US dollar. Points for selling oil and the Russian ruble and points for buying gold and the Japanese yen.
Snooze Ville in FOREX, pound’s immunity and China gives hopeIn general, the previous week was relatively calm. As a result, the volatility index of exchange rates, which is calculated by the investment bank JP Morgan, fell to its new minimum since 2014. For instance EURUSD. Since the beginning of 2019(that is already 3.5 months), it has been fluctuating in a range of width less than 400 points (such a range a pair could pass in 3-4 days even without any volatility explosions).
The most likely contenders for the “role” of irritant can only note the start of a full-fledged trade war between the US and the EU.
The main event of the week was another Brexit postponement. In general, the word “another” has already become a prefix to Brexit: the next voting in Parliament, the next failure of May’s plan, the next negotiations, etc. The main result of the appearance of this “prefix” was the development of immunity in pounds for information regarding Brexit. The GBPUSD dynamics of last week is proof of that. Actually, we can hardly expect any breakthroughs this week, that means that the pound will continue to fluctuate without a clear direction. This should be used for active trading with no clear preference, buying a pound on descents and selling after local growth.
Among other events, it is worth noting the publication of the Fed's minutes, as well as the announcement of the results of the ECB meeting (again, nothing new and unexpected).
It is worth paying attention to the block of key data on the Chinese economy (GDP and industrial production). After the next drop in forecasts of the pace of economic development by the IMF, the markets would be very happy to see a positive trend in the economic development of the world economy.
In general, there are reasons for optimism. On Friday, data on China’s trade balance were published, which showed an extreme rise in China’s exports. In addition, a sharp increase in loans showed that measures to stimulate the economy in China seem to be yielding results.
In terms of trading preferences, we start approximately the same as we ended the previous one: we will continue to look for points for selling the dollar in the foreign exchange market (except USDJPY, we are buying it), buying gold and oil in the commodity markets, besides continue to sell the Russian ruble.
JPMorgan: All signs point to impending melt-up in stocksJPMorgan (JPM) reported record earnings last week with strength across all major lines of businesses amid a “more constructive environment”. The stock jumped 4.2%, the biggest one day move since Nov 2016. With a close above the weekly Ichimoku cloud within reach, all signs point to an impending melt-up in stocks.
JP Morgan | Earnings Will Be BadLooking at JP Morgans chart.
The SQZ indicator continues to turn hard green. Indicating further down side.
The stock has been ascending on descending volume. Bearish sentiment.
The MacD is about to have a bearish crossover.
The chart follows the bearish sentiment that is seen across the market.
JP Morgan double topDouble top with great RSI divergence, triggered through 100SMA and neckline, MPO shows target at 86, also 50% fib and where the 3rd touch on the uptrend line could happen. Currently closed Friday at 38.2%. Still holding short, potential long when 50% fib is hit. 200SMA is coming up to it as well.
Technically one of the best stock charts I have seen, as it is also a huge percentage of the DOW, helping to forecast its movement, their charts are very symmetrical.