JPM trade ideas
JPM: What Bear Market?I've been anticipating a solid return on JPM because they're both a retail bank and an investment bank, and if their traders are better than me (I have no idea?) they would have posted HUGE returns for Q1 2019. I picked up right before the congressional testimony, and the bank CEOs did not disappoint me in their handling of the congressional grilling.
All technicals are strong, and the RSI just barely peaked into overbought territory. However, with such strong earnings, I expect them to continue to rally with some good old fashioned post-earnings announcement drift. Volume spiked, and I anticipate this rally only getting started. MACD looks strongly and the average divergence is only widening. ADX shows a trend beginning to form, and DI+ shot up diverging strongly from DI-.
I wish I had published this idea sooner, but I'm glad I've been holding since early in the week already.
Short JPMFinancials are the worst sector performers in stagflation. Keep the trade on until Q4 of 2019 and it should reward handsomely.
$JPM - double top, going downJPM had a nice run but it's come to an end. I want to short financials....
JP Morgan: Uber IPO set for Thursday? Will JPM rob the bank? LYFT threaten to sue JPM over short-selling, yes, a company that loses money and sold for $25bn!
JP Morgan 4/8/19Short #JPM
Timeframe: Daily and Weekly
Entry: 106.50 - 109.00 to be confirmed by bearish candle and hike of volume.
Stop: 113.00
Target 1: 92.00
Target 2: 89.00
Big guys perspective :
Big guys played around the price to cause Price distribution ranged since Jan 2018 to Nov 2018 until the downside break out in Dec 2018 where they have collected quite a decent amount of liquidity, they shorted it and price shoot down and come up for a retouch now and they could have more sell trades to place at the mentioned entry zone.
Swim with the big fishes, short JPM.
Short JPM for Daily and Weekly TermJPM short
entry: 106.50 area to be confirmed by bearish price action candle.
stop loss: 113.00
target: 89.50
$JPM JP MORGAN REVENUE MISS EXPECTED.No one is expecting blow out numbers from the big banks but a few surprises are whispered on the grapevine. JP Morgan under the leadership of Jamie Dimon may be that surprise. With earnings due on the 12th April the stock is sitting above support but we will stay neutral until after earnings.
JPM: Dark Pool rotation against buybacks ahead of earningsJPM kicks off the official earnings season this week with a report due out Friday. All attention will be drawn to these early banking industry reports that will set the tone for the entire 1st quarter earnings season. The stock has had buyback activity recently while some Dark Pools lowered their holdings. The chart shows patterns of Dark Pool rotation.
JPM Buy ahead of earningsWarren Buffet and other Guru's are bullish on banks as the fed slowly raises rates, it will allow them a greater % returns on smaller amounts of investments making them more efficient on their bottom line.
$JPM Short - Double TopDate - 3/24/2019
RL - 102.2
T - 85.00
S - 108.40
E - Close below 100
Risk vs Rewards - 2.77
wMA 10 - Broke Through wMA 10
Candlestick Pattern - Weekly Bearish Engulf
Closing Candle - Strong bearish candle
Last 15 minutes / Next Day - Ok
1st shot (Options - 180 Days) 50% - STUPID too soon
2nd shot (Options - 90 Days) 50% -
Entry Log -
Exit Log -
VIX - Bounce off Support at $12 - strong friday closing candle
Industry - Breakdown in financial
Market - SPX - at Support 2800 now Bearish piercing candle
Special Notes -
Rejection of MA 200 this week
Broke MA 50 as well
Pullback right at 0.618 on Fib
Rejection of wCloud
Financial all breakdown USB, WFC, GS,C
JPM SELL (JP MORGAN)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action for sell.
Pair Trading Idea JPM/PRUApplying some of the most popular indicators on the pair JPM/PRU shows an interesting pattern. While PRU NYSE:PRU has been clearly outperforming JPM JPM since several weeks, a trend reversal seems to occur. JPM might catch up in the coming days and weeks. The daily and the weekly RSI (1st indicator at the top "Ultimate RSI Multi Timeframe"), the Wave Trend Oscillator (2nd one) and the ultimate MACD oscillator (3rd one from the top) reversed recently from their lower ranges. The Squeeze Momentum Indicator (at the bottom) shows a nice divergence, which is also observable on the RSI.
The price action confirmed the reversal in the last days. The setup is worth being given a shot: Short PRU, Long JPM. The strategy is market-neutral and is profitable when JPM starts to outperform PRU.
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