I don't specifically love anything here on JPM for a gap. This is the hourly chart and my thoughts on it as it relates to some day trades (or maybe swings) based on earnings gap. Market price for options shows gap shouldn't be large, therefore, if it is, expect it to run in either direction.
I'm noticing Today that options are pretty cheap for next week on JPM And WFC. If you're an earnings trader and you know your R and comfortable with gaps, both WFC and JPM offer VERY CHEAP options for next week. Buying a 58 next week put for .11 (Monday) and .09 on WFC both expiring Friday could be directional option plays JUST in case the stock gaps down....
Short Jamie Dimon's shorts I don't know what else to say.
GS was clear signs of buying or bullish absorption earlier this year. Early April GS pullback to test and define the number of "weak hands" that were remaining. The test produced very little selling and resulting in price finding bids into resistance. Now that the "gap" is closed there appear to be very little demand and a weak close for the week would imply...
I am seeing bullish ascending/asymmetrical triangles forming on BAC and C, and rising wedges on WFC and JPM's hourly charts. Predicting positive reactions to economic data and interest rates in the upcoming weeks.
XLF WEAKNESS / JPM SHORT AFTER iH&S RALLY Clean trendline touch. Not going to catch a bid here. Inverse Head & Shoulder typically rallies to 786 retrace- which coincides w/ upper trendline. Great short opp. Options could be used to gear up on JPM, or, buy some puts on the XLF if you can't afford it. Would be looking to buy premium here, not be a writer..IV is...
This one currently is for educational purposes. I can not and will not trade this today. The reason why is because my plan stipulates if I hit 3R in the first 3 mins, done for the day. And I did with a bearish baba trade. This would be a fade. My boy SJ hit is bullish target today so I think some people will be selling.
Breakdown of Bear Flag + Head n Shoulders $GS $JPM $MS $BAC
JPM has declined from a double tops formation which is marked by two horizontal blue lines at approximately 70 and 68.5. Based on this formation, we would expect a new resistance level to be established at approximately 60, which has been the case thus far in 2016. At the moment JPM is flirting with this line at 59.76 which brings up the question of whether it...
Traders have seen this before, and it continues to play out as the global economic climate breaks down. Although these pullbacks in the SPX are often lofty and swift, it is important to realize volume is the most import factor when considering the validity of a pullback. Here , we can see that the move in SPY is volumeless. The entire squeeze from the Feb. 11...
I'm long JPM. There is a nice bullish divergence working. Ryan
CNBC has loved to refer the recent pullback in the SPX as the "Dimon Bottom" because CEO Jamie Dimon purchased roughly $26 million worth of JPM shares. However, it's not looking for those wanting to hold to believe in the recovery dream. Whether investors want to believe it or not, the U.S. economic cycle is rolling over; and, considering the very high...
Great bearish gap today on JPM. Edge I think is slightly bearish into $52.78 with options or shares. This official swing set up is a bearish / nondirectional options play. 60/62.50 ****
Looks like our favorite investment bank may be have even more of a down swing in store. This head and shoulders pattern looks pretty well defined. The current candle however is sitting on a support level around 170 but if that is breached then 150-152 may be in store. as the next stop.
BAC Bearish Bat pattern is still valid as the price consolidates inside the PRZ, below two broken uptrend lines. As the markets await Yellen and the Fed, Financials are stuck and that clearly being reflected in BAC's chart. If the price will attempt to rally and test the X zone (18.5$) it will complete a small Butterfly pattern that will add chances that we...
Hello everyone, I am looking to short $JPM. We do have a pattern in play, the targets have been highlighted on the chart. Good Luck