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.
JPM trade ideas
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.
$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.
JPM Buy @ 137.83 | Entry valid till 6 Jan 2020JPM BUY with following coordinates. Entry valid till 6 Jan 2020 only
Entry: 137.83
Stop Loss: 136.96
Target: 139.57
Stock is in uptrend after a steep correction
JPM Bump and RunJPM has had several bump and runs throughout the course of its upward trendline, this pattern may continue with the formation of a new bump. A clear Adam & Adam double bottom can also be seen. Overall a strong investment purely based on chart patterns.
JPM shortleap puts starter position with short term hedge calls - strategy will become increasingly aggressive after initial support levels are broken
JPM | D | GANN WHEEL & SQR SETUPNot sure if the daily spike we had today is legit or not.. but this doesn't look good for |JPM|. Enjoy !
Cheers,
Keops
JPM 1D (JP Morgan)- further downside considered as pullback.
- Target to reach: first partition
Regards, GoldfXcc Team
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.
