JPM trade ideas
$JPM into earnings looks riskyThe financials have had a great run lately but are they carrying to much weight into earnings?
Upgrades galore and positive commentary may just be a sign that the hype is overdone,
Indicators on the chart have began to roll over and the stock has lost momentum and maybe Goldman Sachs recent recovery could be attributed to investors switching.
The 50 moving average $133.61 which could support any pullback while $147
JPM Dark Pool Quiet DistributionJPM has been running well over the past quarter. However, as the fractional and odd lot new investors buy, the giant Buy Side Institutions are selling. The white candlesticks over the past few days reveal just how heavy the Dark Pool large lot selling is, as the gains are below the previous highs. The risk is that the new investors may run out of capital, which could create a sell down at least temporarily.
Financials are firmly in charge right now!December is full of the swing as we push toward the end of 2019. For now, bulls seem to be continued, the market got hit hard in earlier this week but bounced back into the edge of their expected moves referenced from options chain. So the question at this point is neither the trade war or other economic mixed quotes nor if you should being bullish/bearish right now, it's about understanding the risk that persists on the stake as the market keeps buying it.
Financials, the fundamental of all broader markets are just hanging there and driving more and more order flows into the market, and the bonds which drive the financials are heading on a slight downtrend right now.
Strong stocks getting stronger for a couple of reasons. First, they rely on sector strength. Those sectors in lead with those stocks making new highs usually give us a sense of market participation, which is preparing us the opportunities to buy.
On Thursday session, among those money center bank stocks, 14 out of 24 post gains according to Finviz stocks screen tools. So I picked JPM for the pitch which just broke out of a rising trend line, the bull trades with few gaps up in the most recent trading session demonstrated some bull flags and that seems an opportunity to buy for now.
But keep in mind, on the other aspects, financials along with the SPY are a little bit shy of their All-Time highs which means they are also in a danger zone. Since the three major indexes are on the lower edge of their expected move, if there is a trip to go a further down then they will go down widly. So traders must prepare for a much more substantial down that could occur when the volatility has not necessarily subsided.
ANALYSIS OF JP MORGAN 20.11.2019The 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 131.10
• Take Profit Level: 132.50 (140 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 130.00
• Take Profit Level: 129.50 (50 pips)
USDJPY
A possible short position in the breakdown of the level 108.30
GOLD
A possible long position at the breakout of the level 1479.00
USDCHF
A possible long position at the breakout of the level 0.9920
GBPUSD
A possible long position at the breakout of the level 1.2990
WHY TRADE WITH PAXFOREX?
We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...
Top Effective Educational Tools For All Types Of Traders
The Reliability in all assets in the market
Live Multi-language Online Support 24/5
JPM - Swing Trade IdeaSHORT - JPM
SL: 132.04 (Suggested by our algorithmic system)
TP: 125.11 (Suggested by our algorithmic system)
Reasons behind this idea:
1. Indicators suggest this stock is oversold
2. MACD indicator starting to show weakness with momentum
Note: Trendlines are drawn from multiple timeframes
---------- Chart Drawings ----------
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Purple Vertical Line: Suggested Stoploss by our algorithmic systems (under testing)
Green Vertical Line: Suggested Take Profit
Trade idea from our mobile app:
ibb.co
(Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!