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JPM

WELLS FARGO and JPMORGAN CHASE UPDATE. I told you guys I couldn't afford two trades going against me. Am I worried about my WFC bull spread? A little. NOT because I think WFC is on a downward spiral BUT because I don't know if it'll get in my range in time (53ish). It won't stay down for long that I do know. I just hope it does it in time. I have a lot of trades going against me. WFC, HLF, and EBAY (I got into it by accident, LONG STORY) but anyways i'm optimistic about all of my trades (maybe not EBAY, i'm neutral on it by the way) we shall see. So far I got two winner trades this year. URBN and LULU. I'm going to keep on keeping on. Atleast I knew JPM was going down on earnings. I did underestimate WFC though but it wasn't slaughter. JPM's hit was a bit more blunt and I also expect JPM to go up, even faster than WFC although I know banks follow eachother, but WFC can't catch a break. NOT LIKE THEY DESERVE IT!! THEY WONT EVEN HIRE ME! haha
NYSE:WFCLong
by Tapia
More upside potential towards earnings...butBAC monthly chart analysis shows two things: 1) The post elections rally drove Bank of America above a major weekly structure zone (18$) that now should act as support (green box) 2) Next major structure zone is way up near 25$. Also where the price will meet the 200 months MA line and complete a bearish AB=CD pattern. We are talking about a 10% additional rally in a stock that already doubled itself since 2015. Will we see another push higher without any pullback? Earnings are scheduled this week. The bearish scenario (short term pullback) involves a weekly Pinbar pattern. The bulls can either wait for the pullback to create better opportunities or bet blindly on the bullish sentiment that continues to dominate the market. RSI and Stochastic are overbought but no Sell Signal provided yet.. Read more about BAC, JPM, XLF and DXY in this week's newsletter
NYSE:BAC
by themarketzone
JP Morgan remains strong - outperforming SP500The underlying bullish trend remains intact, as prices post new highs. Momentum studies are already overstretched, however, but downside risks are likely to remain limited as monthly studies remain strong and investors maintain a buy-into-dips strategy. JP Morgan is also outperforming the SP500, and as a proxy for the broader based US Financials Sector, asset managers are likely to maintain an overweight stance in this sector.
NYSE:JPM
by Michael_Macdonald-XATSUK
Barclays PLC GETTING READY TO FILE BANKRUPTCY BY 2022From 2007 high it is going down trend. And now in near future it will re-test the 2009 low around $2.75.(see green line in the chart) If it fails to hold then BCS will go pennies on the dollar. Though you might have missed the maximum profit ratio by shorting but still you guys have some hope as it is only trading around $8 range and soon it will free fall. Good luck to you all. It will be a painful as those trickling down might take some time.
NYSE:BCSShort
by sum1
6
FAREWELL TO WELLS FARGOBlack line a Temporary bounce after hitting the black line but most aggressive manipulators can hold for the below line for max profit. There will be a strong bounce once hits this Red support line but once broke it will go down to $4 or below. Take out profit and go short after few weeks. =============================== At least this is the start of the another financial crisis which well may come after election or post summer 2017. All the financials banks will start to collapse.
NYSE:WFCShort
by sum1
10% downside if $62 is lostGS 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 that we trade lower to retest the conviction of previously identified bulls. If so longs could be exposed to 10% risk. Good Luck
NYSE:JPM
by jamison.gaddy