Nice gap on the daily. Looks like some lower lows could happen. Bearish volume looking pretty.
Liking the range bound w/possible breakout thru earnings.... fun times.
JPMorgan is testing its macro uptrend, after successfully testing its 10-year uptrend, currently price tires to reestablish its 5-year uptrend. Recently price has bounced up from the 10-year uptrend border, marked by 1st standard deviation from 10-year mean (at 57) Currently price is trading around its 5-year uptrend border, marked by upper 1st st deviation from...
Banks will see a big boost when the FED signals no rate hike. Also the ECB is considering expanding QE and the M1, M2 money supply in the EURO zone is swelling which is good for the BIG BANKS in Europe
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OBV bounce off its ema50. Price ema50 has a nice positive slope. Best entry when it retests ema50 from low for a long entry.
Sideways ema50 and MACD bearish. Profit taking after the recent run up. Be patient for a new trend
If price break that corrective estructure, price should fall to the up trend line. I think price in matter of fact, it will break that up trend line and continue falling. but we have to wait. lets short first to the up trend line and then we will see.
Day 2 - Seems like an important day for these stocks. Most stocks here are wound in a some sort of patterns.. This Strategy #8 trigger today can take signal a technical breakout. Watch out for the market... SPY Lagging behind QQQ lagging behind IWM. - Nimble and selective are the words i want to remind again.
I see a divergence between the large financial firm and the overall index. Could the Grexit have something to do with this?
Next resistance is $54.00 and then $54.55. Will be conviction buy if DOW breaks 18000 tomorrow on Good Non-Farm Payrolls report of 230k or more jobs added in JAN 2015. Labor participation rate will be closely watched for tightening of slack in economy and leveraging for future growth. XLF JPM C MS BAC SPY QQQ all BUYS IMO
WFC has performed the strongest when compared to peers JPM, C, MS, GS,BAC since the beginning of 2015 and through most recent quarterly earnings reports. The turbulence in the SPY, QQQ, XLF and other major Indexes have led to massive shorting of Financials as people feared a top had been formed. The market has been very volatile going into the headlines of the...
JPM, Shorting Below the Trendline
The JP Morgan (JPM) weekly chart shows the following signs: JPM from the price of $31.77 has completed a long phase until the $60 an now it makes some consolidations between $53 & $60. As you can see on the diagram it corrected until it reached the top of KUMO from where it reacted upwards. A critical day is 17.05.2014 that the company will anounce the earnings...
Over the last couple of days the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has been steadily moving higher, making new all time highs. Many media outlets and so call experts are calling for the bull market to continue its rise. However, many cracks are starting to emerge, one must understand these, exercise caution and be ready to trade both sides. Among the...