JPM trade ideas
Bullish despite risk of a second wave!Welcome to an analysis afer a three-months-break.
This Time: JPMORGAN CHASE & Co.
Technical:
Flag: Bullish
Fib: 50% Retr. -> Bullish
RSI: Bulllish
MA 200: Bullish
Fundamental:
I have to admit that my concerns concerning a second wave of coronavirus where quiet big. But i personally think that even if there will be a second wave (small chance) that most of the traders worldwide will consider it as not that dramatic because the government gained experience.
And they just think that the coronavirus isn't that devastating.
Best Regards
Christian Georgi
(Sorry for any writing mistakes!)
JPM Still shorttapping the underneath of the strong trend line that has formed
rising wedge has also formed
"BANKS ARE IN BETTER SHAPE THAN IN 2008"?YOU WILL HEAR FROM VIRTUALLY EVERYONE THAT "THE U.S. FINANCIAL SYSTEM IS BETTER CAPITALIZED THAN IN 2008"!
IF THIS IS THE CASE:
1) WHY DID THE FEDERAL RESERVE HAVE TO REMOVE RESERVE REQUIREMENTS?
2) WHY HAS THE FEDERAL RESERVE BEEN KEEPING THE REPO MARKET ON LIFE SUPPORT SINCE MID-SEPTEMBER?
3) WHAT % OF FINANCIAL ASSETS ARE OFF-BALANCE SHEET?
4) WHAT % OF LOANS ARE AT RISK OF DEFAULT WITHOUT FED/GOVERNMENT INTERVENTION?
5) WHY ARE FINANCIAL INSTITUTIONS REFUSING TO ENGAGE IN LOAN PRACTICES WITHOUT FULL GOVERNMENT GUARANTEE?
6) WHAT ARE THE BIGGEST BANKS' EXPOSURE TO DERIVATIVES?
7) ARE CREDIT RATINGS ACCURATELY DEPICTING RISK?
THE ANSWERS TO THESE QUESTIONS PAINT A CLEAR PICTURE: HELL NO!
JPM likely forming an H&S patternThe formation of H&S is underway, watch out for the break down below the neckline.
Disclaimer: This is not an advice to buy or sell!!
JPM SHORT IDEA JPM has head and shoulder pattern.the stock has earning in july 14 and if overall market trend is not clear.the stock is in downtrend. i think is a good short oppurtunity!
if you like the idea ,please don't forget to press like button and comment below for any questions.Thanks
JPM - caught in 2 mindsI'm not sure if my red count wave 1 can really be labelled as a leading diagonal or not but it is the only way that I can justify the bullish count for JP Morgan. Personally, it looks more like a 3 wave ABC to me and so I prefer my bearish blue count and taking the view that this is a downward ABC correction. Which is the right answer? I wish I knew.
JPM chop doesn't look goodI am long financials medium term actually but $JPM churn doesn't look good. You might be able to load up on some cheap JPM shares soon!
my perspectiveover 105 is my trigger for june 19 110-115 calls, this seems like a no brainer too me, all banks are way oversold. this is only my opinion, goodluck :)
$JPM Long IdeaJPM $115 Call buyer is back. I would like the $XLF to be strong in the morning and ideally the $SPY as well.
JPMorgan Chase & Co (JPM - NYSE) - ABC wave patternJPMorgan Chase & Co (JPM - NYSE) is in (W)(X)(Y) complex corrective double zigzag wave pattern and wave (W) & (X) has been completed. The (X) wave took 0.618 times of wave (W) by price. It is very weak compared to SPX and about 11.5 % holding value of XLF etf. It has now begun the (Y) wave cycle downside. Wave A impulse drop completed today in five wave and correcting up in B wave, which might take 1-3 days to complete. Thereafter wave C will be started again in down direction. This stock is major indication that XLF will go in down direction. The wave pattern is resemblance to BRKb.
US: Major Banks in uptrend, attractive Risk RewardMajor banks in USA e.g. JPM, BAC, UBS are showing uptrend hence buying opportunities on correction
Attractive risk reward
Following entries are valid only for trading on 15 June 2020
JPM
Entry: 99.35
SL: 97.53
Target: trail the price
BAC
Entry: 24.60
SL: 24.05
Target: trail the price
USB:
Entry: 37.25
SL: 36.70
Target: trail the price
JPM $90 is calling$90 seems like a clear target for JPM to hit, likely a little kick back into the moving averages.
$JPM Suffers the Slings and Arrows of Central Bank SpeculationJPM and other bank stocks took a hit on Wednesday when Jay Powell of the Fed noted that rates may be near zero for a long time, and other fed bankers leaked some sympathy for a negative rate path (which would ruin bank margins).
Shares of JPM could be marking the boundaries of a near-term range in the $100 area.
JPM Heavily Oversold on the 1H, Breaking Fibonacci Levels $JPM The hourly chart on JPM suggests heavily oversold conditions. The price recently crossed the lower Bollinger band (with Standard Deviation set at 2.5), and RSI(14) is below 30 (closer to 25). Moreover, the price has retraced and broke through the 0.5 Fibonacci line around 99. Next Fibonacci support level is at 95. I already bought at the 0.5 level (at 99). If you also bought I recommend hold, but if you did not buy watch price action in the coming days, a nice entry level might be closer to 95.
PUT sale JPM94 Put Sale for June 26, 2020, 70 strike price. $1 premium.
Only if you don't mind owning it.
