Technical Analysis In The Following 3 StepsThe problem is finding the right stock to buy
Also to make it worse finding these opportunities
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every week.
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You have to look for these opportunities
every week with a powerful strategy
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Because:
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#1-A strategy will give you a peace of mind
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#2- A strategy will give you confidence
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#3-A strategy will help make money
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Before you see a working strategy understand
the basic technical analysis
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After that master your favorite patterns
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this "Super Gap " Strategy will give you
the bridge to understand
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Technical analysis in The following 3 Steps:
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Step#1
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Look for a "Super Gap" On Friday
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Step#2
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The "Super Gap" has to be above the 50 EMA line
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Step#3
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The " Super Gap" has to be above the 200 EMA line
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Please Remember: Am not an expert on this information
This strategy is
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based on my personal research
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Do your own research before you trade
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Regards,
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Lubosi7
CMC trade ideas
JPM JPMorgan Chase Call OptionsIf you haven`t sold JPM here:
or here:
then you should know that JPM JPMorgan Chase seems to be most capitalized bank in the US, ready for the economic hurricane that its CEO, Jamie Dimon, predicted.
Most business and retail clients will move their funds to JPM after this bank run.
Looking at the JPM JPMorgan Chase options chain, I would buy the $140 strike price Calls with
2023-7-21 expiration date for about
$3.95 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
JPM: No CrisisRecord first-quarter revenue on Friday that topped analysts’ expectations as net interest income surged almost 50% from a year ago on higher rates.
Here’s what the company reported:
Adjusted earnings: $4.32 per share vs. $3.41 per share Refinitiv estimate
Revenue: $39.34 billion, vs. $36.19 billion
The bank said profit jumped 52% to $12.62 billion, or $4.10 per share, in the first three months of the year. That figure includes HKEX:868 million in losses on securities; excluding those losses lifts earnings by 22 cents per share, resulting in adjusted profit of $4.32 per share.
Companywide revenue rose 25% to $39.34 billion, driven by a 49% rise in net interest income to $20.8 billion, thanks to the Federal Reserve’s most aggressive rate-hiking campaign in decades. That topped analysts’ expectations for interest income by more than a billion dollars.
The bank also boosted a key piece of guidance that bodes well for the near future: Net interest income will be about HKEX:81 billion this year, about HKEX:7 billion more than their previous forecast of $74 billion, CFO Jeremy Barnum said Friday.
The change was mostly driven by expectations that JPMorgan will have to pay less to depositors later this year if the Fed cuts rates, he said.
Shares of the bank rose 7.5%. That is its biggest upside move on an earnings report in more than 20 years, according to Bespoke Investment Group.
“The U.S. economy continues to be on generally healthy footings — consumers are still spending and have strong balance sheets, and businesses are in good shape,” CEO Jamie Dimon said in a release.
“However, the storm clouds that we have been monitoring for the past year remain on the horizon, and the banking industry turmoil adds to these risks,” he said, adding that the industry could rein in lending as banks become more conservative ahead of a possible downturn.
Money in, money out
JPMorgan, the biggest U.S. bank by assets, is watched closely for clues on how the industry fared after the collapse of two regional lenders last month. Analysts had expected JPMorgan to benefit from an influx of deposits after Silicon Valley Bank and Signature Bank experienced fatal bank runs.
Indeed, JPMorgan saw “significant new account opening activity” and deposit inflows in its commercial bank, Barnum said.
The money flows implied “an intra-quarter reversal of the recent outflow trend as a consequence of the March events,” Barnum said. “We estimate that we have retained approximately HKEX:50 billion of these deposit inflows at quarter-end.”
JPM / JP Morgan - Don't Gamble On Regional BanksI know that whenever something drops by 30 or 50 or 70 percent in one or two days it seems like you might be able to smash buy and ride the bounce back to the top, but just take a look at how well that worked out for tech stocks once the market started to correct at the end of 2021, or just take a look at how well that worked for Silicon Valley Bank dip buyers who found their shares worth $0 in a few hours.
JP Morgan and the other big American banks aren't just "big American banks," but the financial arm of the United States' military industrial complex. Moreover, they're something that's become a pillar of the entire world's financial ecosystem. The heart of the world's economy is in Manhattan, but they're also the ones responsible for providing a financial life line (a blood transfusion) to the Chinese Communist Party all of these years.
Here's some things everyone should think about:
1. Regional banks are not a buy, because they need to be eliminated for Central Bank Digital Currencies
2. SWIFT itself is expanding its CBDC platform pilot globally after a test run that involved a JP Morgan-created centralized fork of Ethereum .
3. CBDCs are required for the global implementation of the CCP's social credit credit system
4. CBDCs mean citizen and small business banking becomes centralized in Federal Reserve proxy accounts ran through the biggest banks
5. Welcome to communism. The purpose of all of this is to install communism for the purposes of attempting to change the human living condition.
Credit Suisse is probably going to implode for real and that's going to cause some chaos for the markets. This play is pretty much a mirror of the 2008 GFC with Bear Sterns, which everyone would do well to educate themselves on how that went down .
The problem with Central Bank QE isn't all the Libertarian crap you've been told. The problem is that deposits are a liability for banks because they have to pay interest on them, and so they need to seek yield. Seeking yield on a very large position is very hard, because guys like JPM and Blackrock and Vanguard happen to make the markets, and markets are a euphemism for a casino, and casinos are zero sum games where there's a small number of winners and a large number of losers.
And so when there's no interest rates, banks have to take risks to generate cashflow to pay interest to the very, very large depositors. When QE was hot that seemed to have meant long bonds, long equities. And then the Fed raised rates 5 percent while they were holding a lot of equities and bonds and now those bonds and equities aren't worth very much.
So they're red on their positions and can't HODL through it because of bank runs and go under.
It's as simple as that and it was an engineered play for smaller banks to be destroyed and then the big banks buy the liquidations.
It's the same as how whales kill sharks by holding them upside down in the water, which makes them disoriented and paralyzed, and then the whales eat their livers and leave them to die.
JPM on the monthly is not likely to have topped and gives you no reason to think there's a financial crash or any real bearishness brewing:
Yet the weekly shows you confluence between Fib levels and gaps, and that it's just too early to go long, and kind of scary to scalp short to boot:
JPM's double tops at $145 made very little sense at the time, and that's because, in my opinion, they were short their own stock under $150 in anticipation of what everyone who's running big data analysis for real knew, that SIVB and SBNY and SI would collapse, that CS was a bloated corpse in the river that the Swiss National Bank couldn't save, and that it was time to start taking down the regional banks by using the crisis as an opportunity.
Naturally, being a bank and part of the sector, this will give grounds to make JPM's shares drop, so they just sell, and then buy back, and then give themselves bonuses and go for happy hour with cocaine and strippers when the drama is over because someone buys CS and the Fed pauses hikes, and they pump their own stock back to $200.
Another thing is that the narrative is that equities are *going2themoon* because the Federal Reserve just HAS to stop hiking rates now. Look at how much damage the rate hikes caused! They just have to stop hiking now!
They probably won't. FOMC hasn't led to a dumpster fire in quite a few months and you should be concerned about that.
After Wednesday's FOMC, the next one afterwards is May 2. Expect them to pivot then, not now, and for May, June, July to become another "most hated rally" for bears.
Except this time it won't be a bear market rally, but a bump and run reversal, that pumps tech and other dumpster trash to a new ATH that makes bears blow their accounts.
Look for longs in the $110 range on JPM and expect the October bottom to hold, because it's called a pivot for a reason, sons.
It's JP Morgan. This kind of disaster in the markets today was arranged by them, and is not something they're personally subject to.
The disasters that lie ahead for the current regime because of what they've been doing to help the CCP as it persecutes Falun Gong over the last 24 years are retribution that they haven't arranged and that nobody can dodge, and something that will catch the entire market off guard.
But for now, you can get $40 a share if you buy in the $110s and sell at $150. And the time horizon is probably literally no later than the end of May, too.
Don't go long on regional banks. Go long on the big banks. And then get out and be careful, because everything in this world is about to change very quickly, and human beings are not going to be able to bear the terribleness of what happens when the regime goes to install communism worldwide.
JPM 1H volumed spring of 1/2 correctionDaily chart signal
Trend trade 2IBK
+ long balance
+ support level
+ volumed ICE
+ volumed 2Sp + test
+ 1/2 correction
+ bullish bar closed entry
Hourly chart formation
Trend trade 2IBK
+ long balance
+ support level
- low volume expanding ICE level
+ 1/2 correction
+ volumed Sp + weakness test
+ after bullish bar close same level entry
Calculated affordable stop
1 to 2 target
JPM JPMorgan Chase & Co. Options Ahead Of EarningsIf you haven`t sold JPM here:
Then looking at the JPM JPMorgan Chase & Co. options chain ahead of earnings , I would buy the FWB:124 strike price Puts with
2023-4-14 expiration date for about
$1.35 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
JP Morgan HnS Dragon with Bearish ConvergenceJPM after Bearishly Engulfing on the Monthly has formed a bit of a Head and Shoulders pattern while at the sametime forming a Bearish Dragon with some MACD Bearish Convergence as the RSI enters the Bearish Control Zone if price continues to do what it's doing i could see JPM making a full 0.886 Retrace.
JP Morgan mostly unaffected from the banking turmoil of early MaJP Morgan Chase & Co (symbol ‘JPM’) share price has been making consecutive gains in the beginning of the year with a correction taking place in early March where the failure of banks in the US shocked the markets . The company is expected to report its earnings for the fiscal quarter ending March 2023 on Friday 14th of April. The consensus EPS for the quarter is $3,43 compared to the result for the same quarter last year of $2,63.
‘JP Morgan took a light hit through the turmoil in the banking industry mainly because of its big size, too big to fail. With a dividend yield of over 3% and with a strong balance sheet, the company is an attractive addition to investors portfolio.’ said Antreas Themistokleous at Exness.
From the technical analysis perspective the price found support on the 38.2% of the daily Fibonacci retracement level after incurring losses in early March when news about bank failures hit mainstream media. The Bollinger bands are shrinking indicating the volatility is slowing down while the 50 day moving average is still trading above the 100 day moving average indicating the bullish momentum might still be valid.
In any case the levels of $134 and $123 consist of technical support and resistance areas since they are the 23.6% and 50% of the daily Fibonacci retracement levels respectively.
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.
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.
JP Morgan looking for a bounce?Looking at the daily RSI bull div, it seems like JP Morgan might have a small bounce coming ~30 days. Looking at the probability based off of the past daily bull divs.
It could be that the market overreacted to banks collapsing and assuming the same would occur for JP Morgan, which could result in an appreciation soon.
A long worth taking with a tight stop loss, seeing as when these daily bull divs work out they barely see any downside after being indicated.
If short, worth taking caution. Seeing as the price is also already ~15% from the previous high. Though we must also keep in mind that a rising interest rate environment is not good for banks, and Jerome Powell is prioritizing bringing inflation down, meaning he is likely to keep hiking rates.
Share your thoughts below :)
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 :)
Banks crisisWith everything that's happening in the financial sector, and speculations about a recession. Just like previous prediction on Citigroup share price, JP Morgan is setup for a short after breaking below the major support and turning it into major resistance. I'm for share price to drop to the next major support @117.29