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JPM trade ideas

#202427 - priceactiontds - weekly update - JPMGood Day and I hope you are well. JP Morgan / NYSE:JPM comment: Clear bull wedge, which means buyers at new highs taking profits and since it's the third push up, the probability of a two legged correction breaking below the wedge is decent. Market touched the weekly 20ema 2 times over the past 3 months and the third time will probably happen soon. We also have a decent rejection at 210, which gives you even better odds for a short. I do think longer term shorts can work well, if you can hold 4-6 months until price reaches 185ish. Quicker short for 195, which is the most recent breakout price, is the safer play obviously. Once market hits the C target, I expect a lower high and then some stronger down move to below 190 over the next 6-12 months. current market cycle: Bull trend which transitions into a trading range. key levels: 190 - 210 bull case: Bulls see this recent bull trend inside the wedge as strong enough for a third leg. A measured move from W3 would lead to 220. For that to happen they want to stay inside the tight bull channel and turn the market around here quickly. I do think if it drops below 200, that bull trend is over and the high is in or at least a double top would not exceed it by more than 1-3$. Bull Invalidation is below 200. bear case: Bears want to keep the upper wedge line as resistance and test back down to the lower one around 196ish. They sold the previous highs for a 10% and a 7% drop. 10% down would bring us to 190, which is suprisingly around the weekly 20ema. Coincidences or math? You decide for yourself. Bear Invalidation is above 215. short term: bearish - Two legged correction to at least 200 over the next weeks. medium-long term: bearish - Trading range 180-200, since we are at the highs, longer term shorts are reasonable. current swing trade: Short 205, sl 215, tp 200ish or the lower bull wedge line/weekly 20ema Have a good rest of your weekend and talk to you soon. If you enjoy my writings, please leave a boost or follow. Thank you and I wish your trading to be profitable.
NYSE:JPMShort
by priceactiontds
JPMorgan Chase Stock Dip: An Opportunity Amidst the NumbersIn the wake of last week's unexpected setback for JPMorgan Chase's stock, investors are presented with a perplexing narrative. Contrary to expectations, the banking giant refrained from revising its 2024 revenue guidance, leading to a notable 6% drop in share price. Yet, beneath this seemingly negative surface lies a compelling investment opportunity, driven by robust performance metrics and strategic positioning within the financial sector. Despite the initial market reaction, JPMorgan Chase's first-quarter results surpassed expectations, with impressive revenue and per-share profit figures. While the lack of upward revision to net interest income guidance caused temporary turbulence, a deeper analysis reveals several positive indicators supporting a bullish outlook. Notably, JPMorgan Chase has outperformed its competitors in key areas, including loan losses, interest income growth, and revenue diversification. The bank's proactive measures to optimize its balance sheet and enhance fiscal flexibility further underscore its resilience in the face of market challenges. Moreover, the company's solid financial foundation, highlighted by robust return on equity metrics, distinguishes it as a top performer within the industry. Compared to peers, JPMorgan Chase's profitability remains unmatched, reflecting its ability to deliver consistent shareholder value over the long term. While market dynamics and external factors may influence short-term stock movements, the intrinsic strength of JPMorgan Chase as a company remains steadfast. As such, the recent dip in share price presents an attractive entry point for investors seeking exposure to a leading player in the financial sector. In conclusion, JPMorgan Chase stands as a beacon of stability and profitability in an ever-evolving market landscape. The recent downturn in stock price offers investors an opportunity to capitalize on the company's enduring strength and potential for future growth. As always, prudent investors should conduct thorough due diligence and consider their investment objectives before making any decisions.
NYSE:JPMLong
by FOREXN1
1
Watch This 3 Step System And Technical AnalysisInside this video i dive deep into technical analysis mixing advanced lessons and beginner lessons to give you a taste of advanced technical analysis and beginner-level analysis You will need to buckle up and sit tight as we ride through the forex market, banking market, and stock market This video is packed with tones of value and it's a thank you for rocketing this content to learn more rocket boost this content Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management
NYSE:JPMEducation
by lubosi
JP Morgan: Possible Correction Between 205.5 - 216JP Morgan: Possible Correction Between 205.5 - 216 The price already completed a Bearish BAT Pattern. JP Morgan is still strong but the current potential reversal zone of the Harmonic Pattern is showing that we can be near to a bearish correction. However, the price is required to develop more before it moves down at this moment considering the bullish trend. Immediate support will be found near the target areas 180; 165 and 140 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NYSE:JPMShort
by KlejdiCuni
3
Buybacks vs. Rotation: JPM and AAPLMany companies are flush with cash right now, so buybacks are going to increase. Buybacks can create plenty of swing trading opportunities. Buybacks are used by the Board of Directors to drive price upward, or at least maintain price at a certain level. They also remove outstanding shares from public exchanges. The Percentage of Shares Held by Institutions (PSHI) is based on outstanding shares. So with fewer shares outstanding, it can help PSHI hold at a certain level. The Buy Side has been lowering inventory this year. See red arrows on the JPM chart. In 2018, Buybacks boosted the index components and kept the market from continuing a bear market, which was already underway--a minor bear not a major one. Then in 2019, buybacks surged as the government cut corporate taxes massively. The cash on hand was enormous for most companies so they did mega buybacks, leading the move upward for index components that year. Then, in 2020 the pandemic stock market collapse completed that very odd delayed bear market. Buyback candles are frequently solid white without wicks or tails. Buybacks often initiate strong swing-style runs, such as they have in $NYSE:JPM. See the blue arrows. NASDAQ:AAPL also announced a huge buyback program in early May. This gives the Buy Side Institutions the opportunity to lower inventories of AAPL too, without disturbing price much, if at all. AAPL is in a sideways trading range, which is a tough pattern to trade since there is no consensus about what the company is doing to fuel future growth.
NYSE:JPM
by MarthaStokesCMT-TechniTrader
JPMorgan Chase Faces Potential ReversalJPMorgan Chase hit a record high on Monday morning but failed to hold. Now some traders may worry about a potentially bearish reversal. The first pattern on today’s chart is the high-volume drop on May 20, which erased the previous seven sessions of gains. That could be interpreted as a false breakout. (Bearish outside candles also appeared on both the daily and weekly charts.) JPM next tried to rebound but stalled near $201. That matches April’s monthly peak and the 50 percent retracement of the drop. Those points may confirm price action is getting less positive. Third is the rising trendline along the lows of April and early May. If this line fails, will traders next brace for a potential retest of last month’s support? Finally, the drop occurred amid the megabank’s 2024 Investor Day. The event had some potential negatives, like CEO Jamie Dimon saying the company will wait for lower prices before buying back stock. CFO Jeremy Barnum also suggested profitability could weaken later this year. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:JPM
by TradeStation
JP Morgan : Possible Correction Between 205.5 - 216JP Morgan: Possible Correction Between 205.5 - 216 The price already completed a Bearish BAT Pattern. JP Morgan is still strong but the current potential reversal zone of the Harmonic Pattern is showing that we can be near to a bearish correction. However, the price is required to develop more before it moves down at this moment considering the bullish trend. Immediate support will be found near the target areas 180; 165 and 140 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NYSE:JPMShort
by KlejdiCuni
JP Morgan Chase & Co. Hitting The Top The JPMorgan Chase CEO's WSJ was interviewed recently with Wall Street Journal Editor-in-Chief Emma Tucker, for a range of topics. JPMorgan Chase & Co. Chief Executive Jamie Dimon ranked geopolitics as his top worry and said he's less optimistic about a soft landing than Wall Street in an interview on Thursday. While Wall Street seems to be betting of a roughly 70% chance of avoiding a recession in a so-called soft landing in the economy, Dimon said he sees the odds about half that. The green economy, the remilitarization of the world, fiscal deficits and geopolitics are all factors that could keep inflation higher for longer, he said. "When I look at the range of possible outcomes, you can have that soft landing," Dimon said. "I'm a little more worried it may not be so soft and inflation may not quite go away as people expect. I'm not talking about this year - I'm talking about 2025 or 2026." While the economy continues to do well for the majority of Americans due to low employment, rising home values and stronger stock prices, the threat of slow growth and inflation - stagflation - from roughly 45 to 50 years ago could return. "It looks a little bit like the 70s to me," Dimon said. "Things looked pretty rosy in 1972. They were not rosy in 1973. Don't get lulled into a false sense of security." Dimon said he has "enormous respect" for Jerome Powell when asked whether the Fed chairman is doing a good job as the central bank signals that it's not in a hurry to cut interest rates. "I think the Fed was probably late in raising rates," Dimon said. "They caught up. They're probably right in watching right now. We don't know what's going to happen. They might as well wait." Dimon declined to state a preference in presidential candidates and said the bank would work with whomever is in the White House. Biden's economic policies are working "partially," he said, party due to the huge amounts of economic stimulus such as the Bipartisan infrastructure bill, which Dimon praised. But the bottom 20% of wage earners in the U.S. continues to struggle. "If you go to rural America, or inner cities, I'm not sure they feel they're being lifted up by this economy," he said. He avoids social media but said he pulls up popular destinations such as TikTok once a year to see what's happening on them. "I am not a fanatic on the phone....I think people should spend a little less time on that and a little more time thinking," Dimon said. "I'm not on any social media." In technical terms, JPMorgan Chase's stock (JPM) has risen 14.43% so far in 2024 (compared to a 7.48% gain by the S&P500), hit the Upper side of Long-Term upside channel near $200 per share, able to further technical declines.
NYSE:JPM
by Pandorra