Get started
JPMorgan Chase & Co (Extended Hours)JPMorgan Chase & Co (Extended Hours)JPMorgan Chase & Co (Extended Hours)

JPMorgan Chase & Co (Extended Hours)

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

JPM trade ideas

JPMorgan Holds the 50-day as Curve SteepensTechnology stocks have undeniably led the market for several months. However the banks are showing signs of strength. JPMorgan Chase has been quietly making higher lows along its 50-day and 100-day simple moving averages (SMAs). That suggests its intermediate-term trend is at least neutral, and possibly nearing a bullish state. In and of itself, the chart is still inconclusive. But another chart, 30-year Treasury Yields , could add a fundamental reason to consider the banks. As we highlighted on August 10, bond prices were slamming into resistance as the economy showed signs of rebounding from coronavirus. (That pushes yields higher.) Jerome Powell’s new commitment to hotter inflation might also keep upward pressure on long-term rates. The result could be a push/pull from the Fed. Inflation pushes long rates higher as the FOMC's target range pulls short rates lower. That’s potentially a positive environment for banks like JPM that profit from a steeper yield curve. It could also get a cyclical boost if the economy continues to recover. (The second item on Powell’s agenda was a recovery in the job market.)
NYSE:JPMLong
by TradeStation
Elliot Wave Model for JPMThere are a lot of different models for this, and It's hard to determine, but some of the models I have seen have the first wave forming at the first high after the covid sell-off (96.55), but I consider that cluster part of market chaos/confusion and consolidation and therefore part of the formation of wave 1, which saw a high 103.47, wave two was a relatively short pull-back from mid April to mid-May followed by wave 3 that reached nearly 115 high. I believe we have been in a long drawn out pull-back since, wave 2 was relatively short and concise, and as such, it makes sense that wave 3 has been longer and meandering (and utterly frustrating), as this is typically the case with waves 2 and 4 (when one is long the other is short or vice versa). At this juncture we may be heading into the beginning of wave 5, where we will break the pre-covid highs in the region of 125, after which we will begin a new cycle. Enjoy, thoughts please.
NYSE:JPMLong
by nycmary
1
Fractal, where art thou fractal? JPMDown to 97 (thereabouts) a gap up to 103…then 105….upward to 110 (ish), back down to 106 (ish) and a decent to 112-115…all in the next two-three weeks. That’s all folks. It’s all in the starts…err…ummm, it’s all in the triangles…the fractals the waves…what have you, but it is there!! All the banks will follow a similar galactic trajectory---and by “galactic” I mean a little push withing the stratosphere, but hey, up is up…until it comes down.
NYSE:JPMLong
by nycmary