JPM trade ideas
Don't even touch itThe latest I heard is Boeing and AB InBev have drawn down big chunk of cash from the loan facility.
If this is the start of a trend, more cash will be going out of banks than coming in. Interest rate continues to head lower.
There are no positive catalysts for the banks.
Chart fest: Bad news and good news 6/7$JPM is an excellent example of the good news and bad news state we find ourselves in.
With zero interest rates, banks are doomed as I have highlight before. $JPM is a long way from a real trough.
However, the price action is sitting on a weekly SSR support and the $ESA is looking bouncy. Watch out if you are short.
Long term strategy - buy banks for dividendsIt's now possible to own bank stocks and have the dividend yields carry the investment - for example using a larger renegotiated mortgage or 2nd mortgage for financing. It is highly likely this arbitrage opportunity will provide a floor (downside resistance) and simply wait for the economy and markets to stabilize (cap gains). The Canadian banks are particularly attractive, but their is currency exposure for US residents.
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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JP Morgan trade setup $jpm
Possible gap fill trade opportunity
Entry level $102
Target price $106
Stop loss $100
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JP MorganHardest RSI hit in its history on the weekly even more than 2008, and internet bubble. Monthly it would be best at a 37 RSI level for a strong buy.
Price was far more battered on those RSI levels in the past. RSI will hit oversold before the price gets battered more. Support levels given.
JPM 15 min OB - March 5, 2020JPM on the 15 min
Block broke out of previous day's low
Price found support. Gap above, if breaks gap, then price will continue upward.
Sizable Correction May be DueThe risk is high while the Fed has been cutting interest rate. Another 4 year of Trump means more rate cut?
JPMorgan Chase trade setup
Possible entry level $123
Target price $129.35
Stop loss $120
Strong bounce off 4 year trend line
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JPM Bearish Exaggerated DivergenceAn exaggerated bearish divergence occurs when price forms a clear top, while the technical indicator (in this case RSI) diverges and forms a lower high.
Swing Trade or Weekly 138 PUTS - low cost, low risk tradeThis trade does not have strong signals for puts. Price is at top of cloud and 10sma is over 20, but 20sma has crossed below 50 (yellow arrow). RSI dipped below 50 on 2/18 and is back over today, which is bullish. If stock turns then RSI and Stochastic will both dip below 50 (green arrows)
That said, today's Fed minutes or any economic news (credit bubble, rates, repo lending, etc.) may cause selling after a strong run up and some claim stocks are "propped up" right now. I am keeping stock on watch list for a swing trade.
I opened weekly 137 puts at 37cents, and I exit position if stock trades over 138.50. Keep trade size small. If I hold overnight and stock opens higher I still lose only a small bit of principal. If stock drops back to 20sma or to recent gap, my return on capital will easily be over 100%.
Support and Rezistence analyse on 4H TF - JPM
Hi traders, here you can see the current analysis of support and resistance levels.
For the analysis I use both zones where the market has reacted several times at certain levels, but also volume profiles, higher TF analysis and one of the most important elements of my trading - the expected volatility analysis.
Ray Dalio's Bridgewater Associates Now Overweight BanksAs of Bridgewater Associates' latest 13-F it is shown that Ray Dalio has entered new significant positions of:
90m USD in JPM
66m USD in BAC
47m USD in WFC
36m USD in C
"JP Morgan: Long Setup" by ThinkingAntsOk4H Chart Explanation:
- Price is close to the All Time Highs Zone.
- Price is on an strong Ascending Trendline.
- If price breaks the Resistance Zone, it has potential to move up towards the Fibo Levels.
Weekly Vision:
Daily Vision:
Updates coming soon!
JPM Broadening Wedge Looking for $145+Solid broadening wedge on $JPM here - RSI ticked over 50 and we've got a weekly uptrend with a macd cross under the baseline, looking for a 1-1 break on this in february.
JPMIf this pattern keeps up we can look for this to push its way down into this new year towards the White Support Level.
Then further into this year we can then look for the reversal off of that White Support Level.
JPM retracing back to 130 ? Trade idea 17 Jan 2020With Tuesday candle rejecting 140 and subsequent days with lacklustre buying volume, we might expect a minor retracement.
If 140 gap is not covered and is continuously rejected, we might see JPM retracing back to the 130 level or even lower.
JPM Leaps Trade Update updating on our JPM Leaps executed close to a year ago moving deep into the money. Look to Book profits into wave 3 resistance. Remember, the money is in the waiting... not actively trading like a compulsive day trading gambler...
JPMWith earnings tomorrow 01/14 and the trend channel broken could expect a drop to 131 or even 128. Flip side is it could move back into the channel with a good number and resume the trend. Good luck.
