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JPM

JP Morgan locally correcting. JPMBounce off a local resistance, which I did not show, sinking in the phase of a possible B Wave. Very short term out look of a ~5% drop in stock price or more. ATR (moving) for Stop. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:JPMShort
by Rykin_Capital
Banking Sector: Part 2: JPMLast week we looked at the banks through the lens of relative strength ratios and the yield curve, concluded that all banks were weak, that regional banks are much weaker than the money center banks, and that banks at the index level had underperformed the SPX since the early 2000s. Prior to the events of the last few weeks, I believed that a significant credit contraction was already unfolding. Recent events have solidified that view. In my view we are early in a banking crisis, that will be centered in regional banking. I expect significant distress but have mixed feelings as to how this Fed will react. The four largest US banks have 9.1 trillion in assets representing roughly 40% of all banking assets. All four are considered systemically important banks and can be considered the sector generals. This week we focus on JP Morgan. JPM Monthly: Much stronger volume in comparison to the recent past after breaking down from strong resistance suggests that the corrective behavior from the October 2022 (101) low to the most recent high is complete. The low volume on the rally coupled with the expansion of volume and a show of weakness suggests that a significant decline is likely unfolding. MACD oscillator failed to generate a buy signal and has turned lower again (see the notes in the triple screen paragraph). Uptrend support at 104 is minor, I will be surprised if it is strong enough to contain the high volume thrust that is unfolding. Lateral support at 101 and again at 77 are prime areas to monitor for bullish behaviors. The 50% retracement of the entire bull market falls in the 88.00 area. The potential for a head and shoulder top is very apparent in this perspective. JPM Weekly: Weekly: Making a high-volume show of weakness after testing the internal 141 resistance zone. The high volume coupled with recent closes near the lows of the weekly price spreads strongly suggests follow through. The weekly MACD oscillator has rejoined the monthly oscillator (see triple screen below) on a sell signal. First meaningful chart support cluster in the 101 zone (roughly 17% lower). The support confluence begins at roughly 106 and ends at roughly 95.00 with the lateral support from last Septembers lows (101) being by far the most consequential. A significant violation of the 101 zone would strongly suggest that a systemic event was unfolding. A breakout would likely target the next major lateral support in the 77 zone. Triple Screen: JPM Triple Screen: Poor MACD momentum across all time perspectives. All perspectives are on sell signals. Note the fresh turn lower in the weekly. The monthly is interesting in that the faster average moved back (hooked higher) to test the slower average and then failed. I generally consider this a failed test (in momentum terms). The failed test makes the weekly sell signal more compelling. Note that the daily is a bit oversold, but with monthly and weekly turning over it isn't a major warning. Fibonacci: There are three relationships that interest me. The first is the retracement of the entire bull market. The first leg lower found support in the 38% retracement zone. The 50% comes in around 87.00 and finally the 61.8% in the 67.85 zone. The second is the retracement of the last bull thrust from 77.00 - 173.00. The third is the Fibonacci extension of the 2021 high, to the most recent support and then extended from the last high. Equality (1) @ 107.00, 43.00 and 26.00. Conclusion: Price action is extremely poor. Next zone to monitor for bullish behavior is around 101, but I suspect that much lower is likely. The caveat clearly is the Federal Reserve. If they decide conditions are dire and pivot to cutting rates and ending QT, this could change rapidly. Monitor credit spreads for distress. In the meantime, I will favor strategies that allow me to sell into hourly and daily perspective strength. And finally, many of the topics and techniques discussed in this post are part of the CMT Associations Chartered Market Technician’s curriculum. Good Trading: Stewart Taylor, CMT Chartered Market Technician Taylor Financial Communications Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
NYSE:JPM
by CMT_Association
Will tomorrow be the day $JPM drops to $71? I think it could >It sounds a little nuts, I know. But hear me out. We clearly have a double touch on the upper channel line on the 12 month- clear rejection. The 9 MA on the yearly looks awful too. General weakness, there and within the stoch rsi and mac d. The 3 month also looks awful. Let's hone in though on the 9 MA and 20 MA on the chart though- they're clearly about to fall through them. Oh, not to mention, the major obvious head & shoulders pattern. Everything looks horrible. Almost makes me wonder if the speech wasn't "awful" news today because tomorrow is the real drop, when everyone thinks the worst is out of the way... who knows? I just call the technical analysis like I see it. And based on the daily time frame anyway, I don't see anywhere else that JPM could LOGICALLY retrace to... so why would it? Time to drop :)
NYSE:JPMShort
by UnknownUnicorn1935796
1
Maximum Pain in The Future CS Credit SuisseBanks restructure the debt of stressed corporations every day, not out of philanthropy but out of enlightened self-interest. But the problem was that, now that we had accepted the EU–IMF bailout, we were no longer dealing with banks but with politicians who had lied to their parliaments to convince them to relieve the banks of Greece’s debt and take it on themselves. A debt restructuring would require them to go back to their parliaments and confess their earlier sin, something they would never do voluntarily, fearful of the repercussions. Credit Suisse is A Mess, This won't be good R-R for a reversal until late 2023. There are hundreds of significantly better opportunities available
NYSE:CS
by noam_chom
6
$DJI has HUGE BUY volume the last few hours$DJI bounce decently off support on daily charts. This may take some time to heal. However, IF #stocks can hold for the next few hours it can be okay. The only reason it's not pumping higher is $GS & $JPM, #banks. On the 4Hr we see a DOJI formed MORE than 4 hours ago & on the CURRENT 4 hr candle it is being ENGULFED WITH VOLUME. We want to see a close above 32k but higher will mean more conviction. The belief is that #rates will take a pause while we have this bank fiasco happening. 32500 is our full exit point. Although we have been loosening positions in this rally for the last couple hours. Would keep re-buying lightly on pullbacks. Bottoms can take some time to form.
DJ:DJI
by ROYAL_OAK_INC
💾 JP Morgan Chase & Co. Worst Since 2008 | Major CrashAfter seeing what happened to SVB Financial Group and Silvergate Bank, I decided to do a little digging and see how the banks stocks are doing. I looked up the biggest bank in the USA and got a list of the TOP15. I can publish only 10 charts per day, so I will focus on the TOP10. This time we will have a bank session... Call it a "Bank Holiday" . Grab your popcorns... Sit back, relax and enjoy. The bankers are about to pay themselves hundreds of millions of dollars in bonuses as the entire financial system they run burns. Let's get started! The top bank in the USA is JP Morgan Chase & Co. (JPM). Here is the weekly chart: Spoiler alert: Since 2020 this chart is the same as Bitcoin, the SPX, and the rest, the exact same, the only difference is that Bitcoin is more advanced in the cycle. It peaked first and it also bottomed first. On the weekly chart above we can spot the following details: ✔️ This week is the worst in a long time. ✔️ Highest bear volume this week since February 2022. ✔️ JPM closed below EMA10 and EMA21. ✔️ Bearish cross on the MACD and the RSI jumping off a cliff. These same points will repeat across all the other charts as all the markets are very similar and follow the same patterns. On the monthly chart, which is the main chart on this trade idea, we have the following bearish signals: ✔️ Major lower high. Feb. 2023 vs oct. 2021. ✔️ Bearish MACD. ✔️ RSI trending lower for more than a year, ready to crash. Will the FED save the market with their printing machine? Remember they were doing everything possible to crash everything, maybe they won't be so eager to nullify everything they've done so far... Or maybe they will.. The chart is bearish. Just as we saw with the SPX, DJI and NDX, JPM is pointing to the biggest crash since 2008. Namaste.
NYSE:JPMShort
by MasterAnanda
3
SIVB Meltdown- Canary in the Coal mind?Today we saw a systemic risk in the financial sector. The regional banks were hit extremally hard and as a result the Major banks saw sell side liquidation. Where there's one cockroach, there's usually another. Risk in the banking sector is the worst type of risk investors can ask for. Credit liquidity crisis is not something to mess around with. SIVB looks like its in serious trouble potentially being exposed to fraudulent crypto loans that will likely default as well as failed speculative startups in the tech and health care space.
S
by Trading-Capital
JPM, Completion of 32 YEARS Bull Run?Is 9 months correction enough for completion of 32 years bull run ? Started at 3.21 on 1990 and ended at ATH , JPM most probably has completed an impulsive section of a large degree wave cycle and currently is in first leg of 3 legs ABC form of correction. As shown on the chart by green horizontal lines, JPM has so far retraced back around 0.382 of whole impulsive section which is acceptable but not typical for correction of bull run of this size. More typical Retracements are 0.618 Golden Ratio and 0.786 levels which suggest 68 or even 39.5 USD for JPM bottom !!. For now, I give more chance to 0.618 level (68 USD) which coincides with strong static support related to top of wave (1). Timing is most difficult and of course least accurate task in charting and technical analysis however, we can extract some clues from chart: First : So far , we had 9 months of correction which I suppose is not enough at all for 32 years bull run. Second: if we use time Fibonacci for 32 years impulsive section and consider lowest Fibonacci level which is 0.236 , we reach to 7.5 years !!. Therefore, correction MAY last for some years. Third: labeled wave (2) (intermediate degree ) correction lasted for 9 years from 2000 to 2009. If our suggested wave count becomes true, we are now in larger degree wave 2 (primary degree) which supports our expectation about multi years correction. Please note dotted red arrow on the chart is more optimistic than 7.5 years correction related to 0.236 Fibonacci level. Our wave count confirmation condition is a trade below what is labeled as wave (4) . This means there is one bullish case scenario which suggest the decline from ATH to be just the correction of what has been labeled as wave (5). In this case, our suggested wave count needs a major update. Some important and educational notes: 1. Chart is very similar to NASDAQ. This remind us importance of index analysis. 2. Wave (2) retraced 0.786 of wave (1) a typical one. wave (4) retraced back 0.5 of wave (3) , another typical one. 3. Elliott waves alternation guideline is beautifully observable on the chart : Wave (2) is broad and long lasting wave (9 years) while wave (4) is a sharp one ( just 3 months). To warp up, If we are a day or swing trader we can use the benefit of lots of ups and downs in the rout of the chart by choosing strong and efficient strategy (Please keep in mind that chart is on monthly time frame). But if we are a long term investor, we need some strong bullish signs and events in the stock and whole market to start investing in JPM, something much more stronger than just one day bounce back or a daily bullish candle. Hope this analysis and explanations to be useful and wish you all the best.
NYSE:JPM
by SaeedSajedi
12
JPM primary trend remains bullish.JPMorgan Chase - 30d expiry - We look to Buy at 136.22 (stop at 132.88) The primary trend remains bullish. The stock is currently outperforming in its sector. 50 1day EMA is at 136.07. The sequence for trading is higher highs and lows. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look for a temporary move lower. Our profit targets will be 144.92 and 146.92 Resistance: 144.34 / 148.00 / 155.00 Support: 139.87 / 138.00 / 135.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:JPMLong
by VantageMarkets
How did the U.S. biggest bank perform in 2022?During the summer of 2022, we laid out a thesis about the stock market progressing in the second stage of the bear market. We said that we would look for signs of corporate underperformance and downgrades in forward guidance within earnings statements for 3Q22 and 4Q22. In the 3Q22 earnings season, many companies began downgrading future outlooks and warning investors of a tough time ahead. For some sectors, inventories rose, and revenue streams showed a decline compared to the previous year's period. With the start of the new earning season, we will pay close attention to the new data, which may or may not confirm our thesis about the market diving deeper into a recession. Interestingly, the last Friday, multiple big banks on wall street announced their earnings statements. These names included JP Morgan Chase, Bank of America, Citigroup, and Wells Fargo. Today, we will briefly examine the biggest U.S. bank - JP Morgan Chase & Co. This bank has $3.66 trillion in assets and has not posted a yearly loss for more than 15 years. Its earnings report is divided into five segments: Consumer & Community Banking, Corporate and Investment Bank, Commercial Banking, Asset and Wealth Management, and Corporate. The bank’s Consumer and Community Banking segment showed gradual growth in net income and net revenue quarter after quarter in 2022. Furthermore, it maintained relatively stable noninterest expenses throughout the year. However, despite that, it posted a 29% less net income in 2022 versus 2021. In 4Q22, the Corporate and Investment Bank experienced a drop of 27% YoY (year over year) in net income. Additionally, in that same period, this division saw a decline in revenue by 9% YoY, and an increase in non-interest expenses by 10%. As for the full-year 2022, the Corporate and Investment Bank brought in 29% less net income versus 2021. Meanwhile, the Commercial Bank brought $1.4 billion in net income for the company in 4Q22, showing an increase of 15% versus 4Q21. Furthermore, it also enjoyed a rise in revenue by 30% versus 4Q21. Despite that, these two segments underperformed when compared to 2021. For the full-year 2022, the net income of this division dropped 20% versus 2021. The Asset and Wealth segment showed steady growth in net income quarter after quarter in 2022. However, it also suffered a drop of 8% in net income for the entire year 2022 versus 2021. The Corporate segment posted a net loss in the first three quarters of 2022 and a net gain in 4Q22. But for 2022, it is the only sector that posted a loss while still showing significant improvement from the last year. For the full-year 2022, JP Morgan Chase & Co. gained $37.7 billion in net income, which is down 22% versus 2021. Its revenue increased by 5.6%, and non-interest expenses jumped by 6.8%. Meanwhile, the company’s stock declined by 16%. Illustration 1.01 Illustration 1.01 shows the daily chart of JP Morgan Chase stock. The stock declined more than 16% in 2022. 2022 (full-year) vs. 2021 (full-year) Net income 2022 = $37.7 billion (vs. $48.3 billion in 2021; -22% YoY) Revenue 2022 = $132.3 billion (vs. $125.3 billion in 2021; +6.6% YoY) Noninterest expenses 2022 = $76.2 billion (vs. $71.3 billion in 2021; +6.8% YoY) Pre-Provision profit/loss 2022 = $56.1 billion (vs. $54 billion in 2021; +4% YoY) EPS = $3.57 4Q 2022 vs. 4Q 2021 (year over year) Net income 4Q = $11 billion (vs. $10.4 billion in 4Q21; +5.8% YoY) Net revenue 4Q = $35.6 billion (vs. $30.4 billion in 4Q21; +17%. YoY) Net interest income 4Q = $20.3 billion (+48% YoY) Noninterest income 4Q = $15.3 billion (-8% YoY) Noninterest expenses 4Q = $19.0 billion (+6% YoY)
NYSE:JPM
by Tradersweekly
9
JPM Earnings Reversal PatternJPMorgan Chase (JPM) reported earnings today for the 4th quarter. There was no surprise for the professionals and for the Dark Pool Buy Side Institutions. They already knew what the numbers would be. Today's candle was not just a bullish engulfing candle. It is what we, at TechniTrader, call a major fundamental REVERSAL candlestick pattern. This is a huge one-day reversal that started out as a High Frequency Trader (HFT) gap down on negative expectations from the retail side and social media telling traders to sell short JPM. Those retail day traders who tried to sell short JPM got whacked big-time. Margin calls are likely, as the sell short losses on this large of a reversal candle are huge. Why did the stock price reverse so quickly? The outlined area of the sideways consolidation pattern reveals Professional Traders’ setups ahead of the earnings report. The stock dipped into this price level, and then buying commenced that is well above average for JPM stock.
NYSE:JPM
by MarthaStokesCMT-TechniTrader
$SPY $SPX $ES1! Analysis, Key levels, and Targets $SPY $SPX $ES1! Analysis, Key levels, and Targets I honestly love TA so much. It’s so fascinating to me. Those who trade without TA, like say, just using the option chain, are really missing out on a cool thing…. Not a huge change since yesterdays update, but we did get into the gap but failed to fill it and were rejected at the Daily 200MA… Tomorrow we have some Bank earnings (JPM, BAC) in premarket (8:30) and so will start the earnings season - and I’m super excited about it all… I just want to add that I do love being bullish, but today I was driving around and really started to notice the amount of commercial real estate vacant with for lease signs… and I remember 07 and how that was the first signal that something was wrong…. I want to be bullish - but I just am not yet… but there are so so many amazing opportunities in a bear market… and if done right - this is where the generational wealth comes from…. I did add to my 410 put position in April… I’m now 8 deep with an average of 22.31 - I absolutely had to with VIX so low today - and I covered my short 379 puts expiring tomorrow for 97%, looking to sell for next week tomorrow…. And thanks so much for the super awesome support about the video… I will definitely be doing more of that soon!! Hopefully I’ll lean into doing mostly video… I know it’s a pain to read my long rambles sometimes… LOL… so it will be easier on all of us… Have a fun day trading tomorrow, y’all… 💃🏻 P.S. Yes stupid willy looks like it might cross up… but I’m reading the weakness before it, all of the chop during the holidays as just that, holiday chop…. I don’t see much strength in that cross up and RSI and MacD aren’t supporting a cross up yet…. So lets see how these first earnings go…
AMEX:SPYShort
by SPYder_QQQueen_Trading
2