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JPM continuously negative for 6 weeksJPM continuously negative for 6 weeks This chart shows the weekly candle chart of JP Morgan's stocks over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, JP Morgan's stock hit its high point at the end of July and early August of this year, hitting the top to bottom golden ratio of 0.618 in the chart. Then, it has been continuously negative for 6 weeks, and its low point in the past two weeks has hit the top to bottom golden ratio of 1.382 in the chart! So in the future, just use the lowest point of the previous week as the watershed to determine the strength of JP Morgan's stock!
NYSE:JPM
by Think_More
Will JPM continue to rise?JPMorgan Chase - 30d expiry - We look to Buy at 150.22 (stop at 147.22) The primary trend remains bullish. A Doji style candle has been posted from the base. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Daily signals are bullish. A break of the recent high at 150.10 should result in a further move higher. The bias is to break to the upside. Our profit targets will be 157.72 and 159.72 Resistance: 150.10 / 153.00 / 155.50 Support: 147.50 / 145.46 / 144.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group
NYSE:JPMLong
by VantageMarkets
Goldman Sachs - Are Banks The Next Dumpster?Goldman Sachs is another one of those stocks that's traded like a can of dog food for a very long period of time that the masses are really drawn to, much like Target, Disney, and Paypal, of which you can find calls for that I've made in the linked section below. GS is relatively significant in that it's one of the 30 components of the Dow, which is one of the big three indexes. The Dow had previously been the leader in strength, and for a long time, but in the last several weeks has become the leader in weakness. Although it looks like a minor blip on the radar, I feel it's something of a harbinger of doom. And the problem for Goldman Sachs can be seen clearly on the monthly: Clearly insofar that the bounce from the 2018 high should have lead to new highs. Instead, the distribution block from the market highs served as resistance. 14 months later, it took out July's low and we can now safely theorize that lower prices are in order. Weekly bars show us that a failure swing has formed and July's price action was just a local stop raid. So, what could a catalyst be? Arguably, there doesn't need to be a catalyst. It's just that JP Morgan is long 15,800 puts with a strike of SPX 4,225 expiring September 29 that have never been in the money since they were purchased at the end of Q2. And so when one index falls, all indexes falls, and the arbitrage algorithms naturally take component stocks down with them. There's also the economic disaster China under Xi Jinping and his Chinese Communist Party are facing. When you have a disaster hit the world's "Central Kingdom," nobody is an island and those macro equity flows will cause significant turmoil in other markets. For the U.S. market makers, this simply represents an opportunity to kill longs, buy everyone's losses at the bottom, and rip it back to new highs while you short sell and chase the entire way because Reddit and Discord and Xeeeeeter told you to. But "the best laid plans of mice and men often go awry." What looms over the head of humanity is the CCP's 24-year persecution of Falun Dafa's 100 million practitioners in Mainland China, which was launched by former Chairman Jiang Zemin on July 20, 1999. Although Jiang is dead now, the persecution still continues. Xi hasn't been a part of the persecution. Xi, to the contrary, has been killing the participants of the persecution in his "Anti-Corruption Campaign." But much of the world has gone to Shanghai to do business with the Jiang Faction and that requires swearing vows to the Red Cult's Flag of Blood and leaving collateral. This is going to be a roadblock to the future for the U.S. "systemically important banks" that cannot be passed, and the impact is going to be significant. So, here's the trade on Goldman Sachs. The target the algorithm is set up to pursue is definitely $275. Shorting from $320 actually really isn't that bad. Getting $45 on a put will do rather well for you even if you can only afford one. Although optimal entry was definitely the $350s. But the truth is that you aren't likely to be able to long $274 profitably. I'd say the first place you can look for a reversal or a meaningful bounce is $223. Humans won't believe it until they see it. But once you see it, it's too late. It only counts if you do something for yourself while the cards are still face down. Just like poker, the river is coming, and there won't be any "running it twice."
NYSE:GSShort
by LordWrymouth
✅ Daily Market Analysis - WEDNESDAY AUGUST 16, 2023Key News: New Zealand - RBNZ Interest Rate Decision UK - CPI (YoY) (Jul) USA - Building Permits (Jul) USA - Crude Oil Inventories USA - FOMC Meeting Minutes In the previous trading session, European markets grappled with a challenging day, witnessing noteworthy declines that drove them to their lowest levels in over a month. This downward trend was predominantly influenced by growing concerns over the Chinese economy and a noticeable slowdown in internal demand. Likewise, the US markets encountered a similar downturn, feeling the impact of the same prevailing factors. The major stock indices on Wall Street wrapped up the day with substantial losses, driven by an unexpected surge in retail sales figures that stirred worries about the potential for prolonged periods of heightened interest rates. Concurrently, significant US financial institutions saw their shares decline, prompted by a report hinting at the possibility of credit rating downgrades for select lending establishments by Fitch. US Retail Sales As per the latest report from the Commerce Department, retail sales in the previous month exhibited a robust growth of 0.7%, surpassing the projected increase of 0.4%. This data point serves as a testament to the enduring strength of the US economy. In light of this report, traders maintained their expectation for an imminent pause in Federal Reserve rate hikes, with a notable 89% likelihood. Nevertheless, financial analysts underscored investor concerns that interest rates could potentially remain at their current levels for an extended period, defying initial expectations. The brunt of the market sell-off was borne by the banking sector, which faced escalated apprehensions surrounding interest rates. The US Treasury yield curve, characterized by long-term bonds yielding less than short-term debt instruments for over a year, continued to exert pressure. This phenomenon curtails the potential profits that banks can generate from their lending activities. The S&P 500 index marked a significant development as it concluded the trading session below its 50-day moving average for the first time since March. In a similar vein, the Nasdaq index witnessed a decline of 1.14%, concluding at a value of 13,631.05 points. Simultaneously, the Dow Jones Industrial Average registered a decrease of 1.02%, settling at a value of 34,946.39 points. NASDAQ indices daily chart SPX indices daily chart Trading activity on US exchanges displayed a relatively subdued pattern, with a total of 10.1 billion shares changing hands. This number stands in contrast to the average of 10.9 billion shares traded over the previous 20 trading sessions. Following the release of a report hinting at potential downgrades by the ratings agency Fitch, several banks encountered declines in their share prices. Specifically, shares of JPMorgan Chase (NYSE: JPM) witnessed a decrease of 2.5%, Bank of America (NYSE: BAC) registered a drop of 3.2%, and Wells Fargo (NYSE: WFC) underwent a decline of 2.3%. JPM stocks daily chart BAC stocks daily chart The British pound experienced a notable upswing in its performance during the preceding day, primarily driven by wages data that exceeded initial projections. This encouraging turn of events has ignited discussions within financial circles regarding the potential scenario of the Bank of England considering another rate hike as early as September. The freshly unveiled wage data, unveiled just yesterday, showcased a remarkable surge of 7.8% over the course of the three months culminating in June. While this data has introduced a complex conundrum for the central bank, it also holds the potential to trigger substantial economic repercussions if the Bank of England's policy response is not skillfully calibrated to align with the prevailing conditions. GBP/USD daily chart In the approaching day, the eagerly awaited Consumer Price Index (CPI) figures for the UK are set to be revealed. This upcoming release takes on added significance as it marks the incorporation of the recently implemented lower energy price cap. Notably, the anticipated August inflation report is expected to reflect a decrease in price growth, thereby contributing to a broader landscape of subdued inflation.
by FOREXN1
9
JPM long will go to 370$ and Higher New 52-week highs this week, powered by the Dow and Nasdaq100 which, on Friday, extended its streak of positive days to ten — something the blue chip index has not done in almost six years. The Dow has been powered by, among other things, a slew of corporate financial results, particularly from the banks, which showed not only improved profitability, but also strong guidance for the next quarter and full year. I have explained 2 bullish scenarios,1 bearish(worse case). Bullish: higher highs higher lows poc uprising volume increasing capital flow rising In case the Take profits hit, and we have increased volume, I will ride the trend. I will only take profit 10% of the JP Morgan portfolio and let the profit run. Exit :Stop loss or trend change signal The mid and long term horizon is bullish. If any Profit taking level reaches, and trend continuation is signalizing that the uptrend will be continued, I will increase agressively my positions and take only 10% profits of each position.I will let the prfoits run. This trade setup is only for trend followers and on daily TF.
CAPITALCOM:JPMLong
by DaveBrascoFX
JPM - Rising Trend Channel [MID -TERM]🔹Resistance become support at 144 in NEGATIVE reaction. 🔹POSITIVE volume balance indicates higher volume on rising days. 🔹RSI above 70 indicates strong short-term POSITIVE momentum. 🔹Technically POSITIVE for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:JPMLong
by wavepoint99
1
Daily Market Analysis - WEDNESDAY JULY 19, 2023Greetings, traders! Welcome back to our daily Market Analysis. Today, we have gathered the top news and interesting fundamental analysis for your consideration. Let's dive in and stay informed! Key News: UK - CPI (YoY) (Jun) Eurozone - CPI (YoY) (Jun) USA - Building Permits (Jun) USA - Crude Oil Inventories Market Sentiment Boosted by Strong Earnings and Economic Data, Gold Prices Soar to Six-Week High Tuesday's trading session brought a wave of optimism among investors, with the S&P 500 surging to new heights, thanks to impressive quarterly results from prominent Wall Street banks and other major corporations. The S&P 500 index demonstrated significant strength, recording a notable 0.8% increase, while the Dow Jones Industrial Average saw an even more remarkable surge of 1%, adding a substantial 359 points to the index. The Nasdaq also showcased its resilience, posting a solid 0.9% upward movement. Moreover, in response to the prevailing positive sentiment, gold prices experienced a surge, reaching a near six-week high. Investors appear to be reacting favorably to the combination of strong corporate earnings and encouraging economic data, fueling the upward momentum across various sectors in the market. NASDAQ indices daily chart Dow Jones indices daily chart S&P500 indices daily chart Bank of America Corp (BAC) emerged as a standout performer, driving a surge in banking stocks with an impressive rise of over 4%. The bank's second-quarter earnings exceeded analyst estimates, mainly attributed to the significant boost in loan income due to higher interest rates. This strong performance has solidified Bank of America's position as a key player in the financial sector and has garnered positive attention from investors. Bank of America stock daily chart Morgan Stanley (NYSE: MS) Shines with Impressive Q2 Results Morgan Stanley (MS) proved to be another success story, witnessing a remarkable rally of 5% after reporting second-quarter results that surpassed estimates on both the top and bottom lines. The strong performance of its wealth management business effectively balanced out the trading business's weakness, which experienced a decline in equity and fixed-income revenue. This outstanding performance has garnered positive attention from investors and reinforces Morgan Stanley's position as a top-performing financial institution. Morgan Stanley stock H4 chart Tuesday's stock market session witnessed a slight downturn, influenced by US retail sales data that caused initial volatility but eventually settled. The June retail sales figures were notably weaker than expected, creating some concern, but the impact was partially offset by the revision of May's numbers, resulting in a mixed market sentiment. In response to a slowdown in consumer and producer price gains in June, the dollar experienced a significant decline. The market remains cautious as investors analyze the economic indicators to gauge the direction of future trends. US Retail Sales The recent developments in the US economy have led to increased expectations that the Federal Reserve will put a halt to its rate hikes after the anticipated 25 basis-point increase at the July 25-26 meeting. Fed funds futures traders are projecting an additional 33 basis points of tightening later in the year, with the benchmark rate expected to peak at 5.40% in November. On Tuesday, data revealed an unexpected drop in production at US factories in June. However, the second quarter showed a rebound, especially in motor vehicle output, which accelerated after two consecutive quarterly declines. Traders are now closely monitoring inflation releases from various regions, including the eurozone, Britain, and Japan, to gain further insights into whether inflation is cooling globally. These indicators will play a crucial role in shaping market sentiment and monetary policy expectations moving forward. US Dollar Currency Index daily chart As a result of the recent economic developments, the dollar index showed some volatility, last up 0.04% on the day at 99.924. However, it had previously fallen to 99.549, marking the lowest level since April 2022. These fluctuations indicate the significant impact of the latest data on the dollar's performance in the foreign exchange market. Against the Japanese yen, the dollar managed to gain 0.10%, reaching 138.83. This recovery came after the drop to 137.245 experienced on the previous Friday, which was the lowest level since May 17. The currency's rebound against the yen reflects the influence of the evolving economic landscape on currency pair movements. As traders continue to assess economic indicators and central bank policies, the dollar's performance is likely to remain subject to fluctuations in the forex market. Investors are closely monitoring data releases and inflation figures from major economies to determine potential shifts in monetary policies and overall market sentiment. USD/JPY daily chart Euro Holds Steady Amid ECB's Caution on Inflation On the flip side, the euro maintained its stability, trading at $1.1229, following an earlier climb to $1.1276, reaching its highest level since February 2022. European Central Bank (ECB) governing council member Klaas Knot's comments on Tuesday revealed the bank's vigilant approach towards inflation. Knot emphasized that the ECB would closely observe any indications of inflation cooling down in the coming months, ensuring a cautious stance on implementing rate hikes. This cautious approach from the ECB contributed to the euro's steady performance in the foreign exchange market. With investors closely monitoring central bank communication and economic indicators, the euro's movements are subject to shifts in market sentiment and policy expectations. As the global economic landscape continues to evolve, market participants will continue to assess data releases and central bank statements to gauge the euro's direction in the forex market. EUR/USD daily chart Market expectations are leaning towards the European Central Bank (ECB) implementing a 25 basis points interest rate increase in the upcoming week. On the other hand, the British pound experienced a marginal decline of 0.22%, settling at $1.3046 after reaching $1.3144 on Thursday, which marked the currency's highest level since April 2022. This volatility in the pound's performance reflects the market's sensitivity to economic indicators and interest rate expectations. These currency fluctuations underscore the significant impact of various factors on the global foreign exchange market. Traders and investors closely monitor inflation concerns and central bank communications, as these elements play a crucial role in shaping market sentiment and currency movements. As the economic landscape continues to evolve, market participants will continue to assess data releases and policy signals to navigate the currency market's changing dynamics. GBP/USD daily chart The Reserve Bank of Australia (RBA) is currently engaged in a balanced debate among policymakers, evaluating the effectiveness of existing restrictive measures and considering potential future actions. The central question revolves around the appropriateness of the current conditions and whether additional measures could yield positive or negative outcomes. Although the market is confident in the likelihood of another rate hike by the RBA this year, the exact timing remains uncertain. As demonstrated throughout this year, expectations can shift rapidly, making it challenging for investors to predict future developments with certainty. In the realm of precious metals, gold prices are once again exhibiting a gradual upward trend after experiencing a brief pullback in recent sessions. Initially facing resistance near $1,960, the price underwent a minor retracement but found support around $1,940. The ongoing support from lower yields and a weakened dollar continues to significantly contribute to gold's positive performance, as evidenced by the market movements observed yesterday. Investors are closely monitoring these factors as they continue to impact the precious metal's trajectory in the market. XAU/USD daily chart In response to the recent developments, gold has surged past the significant $1,960 threshold, attaining a nearly six-week high. Yields and the dollar have displayed fluctuations subsequent to the retail sales data release, influencing gold's performance in turn. Nevertheless, the market has not yet exhibited a clear and definitive direction for the precious metal. The crucial factor to observe now is whether gold can maintain its position above the critical $1,960 level, which it is currently approaching for testing. A successful hold above this mark could be interpreted as a bullish confirmation signal. In such a scenario, the next potential challenge for gold's price might be reaching the $1,980 level. Investors are closely monitoring these price movements and are poised to respond to any further signals indicating the precious metal's trajectory.
by FOREXN1
10
JPMorgan Chase: Seizing Opportunities Amid Rising RatesJPMorgan Chase's Strategic Brilliance: Capitalizing on Opportunities Amid Rising Interest Rates JPMorgan Chase has proven itself to be a master of foresight and exceptional management, evident in their strategic moves over the past years. In 2021, the bank took proactive measures by building up cash reserves, anticipating a potential rise in interest rates. This calculated fiscal approach allowed them to pounce on a golden opportunity to acquire First Republic Bank on favorable terms after federal regulators took over the bank earlier this year. The fruits of their foresight and strong leadership became apparent in the second quarter, as JPMorgan experienced a remarkable surge in revenue and net income. This growth was driven by the advantageous impact of higher interest rates and the successful integration of First Republic Bank into their operations. JPMorgan Chase's impressive performance marked the beginning of the latest earnings season for banks. Surpassing analysts' expectations for the second quarter, the bank achieved a significant victory, with both its total revenue and adjusted earnings per share exceeding Refinitiv's estimates by a remarkable 9%. This reaffirmed JPMorgan's position as the largest bank in the U.S. One of the key factors contributing to their success was the substantial increase in net interest income, reaching $21.8 billion during the quarter. This marked a 5% increase from the previous quarter and an impressive 44% surge compared to the same period last year. The Federal Reserve's continued aggressive interest rate policy in response to the ongoing fight against inflation played a crucial role in this growth. Higher interest rates have proven advantageous for banks, widening their interest rate spread and boosting net interest income. JPMorgan Chase skillfully leveraged this scenario to its benefit, resulting in a stellar performance in the quarter. The bank's other income also experienced a substantial boost, totaling $3.3 billion compared to $599 million in the previous year. A significant bargain purchase gain of $2.7 billion resulting from the acquisition of First Republic Bank contributed to this surge. However, the acquisition also led to an additional $1.8 billion provision for credit losses and other expenses. JPMorgan's CEO, Jamie Dimon, demonstrated remarkable foresight when he warned investors about the potential for inflationary pressures back in April 2021. While prevailing optimism believed in the continuation of good times, Dimon's cautionary stance proved wise as interest rates rose higher than expected. Thanks to their strong balance sheet and substantial cash reserves, JPMorgan was well-prepared to navigate the challenges posed by higher interest rates. While other banks struggled, JPMorgan's strategic positioning allowed them to seize opportunities in the rising interest rate environment. Their ability to submit a competitive bid and successfully acquire First Republic Bank at a favorable price showcased their keen decision-making and ability to capitalize on prevailing opportunities. In conclusion, JPMorgan Chase's prudent management, timely warnings about inflation, and strategic positioning with substantial cash reserves have proven to be the driving forces behind their continued success in today's dynamic economic landscape. With an astute understanding of market conditions and a proactive approach to risk management, JPMorgan continues to set a high standard in the financial industry. TurnAround Point: 147.00 Our preference Long positions Above 147.00 with targets at 158.00 & 162.00 in extension.
NYSE:JPMLong
by FOREXN1
9
GS Pre Earnings LONGGoldman Sachs pivoted from a low on July 11th into a trend up until July 14th during which it pulled back. Since earnings are on July 19th, I see room now for a pre-earnings long entry. The MTF RSI indicator shows the lower TF RSI in blue reflecting the pullback while the higher TF RSI in black shows the longer trend up with the RSI holding support at 50. The zero-lag MACD shows a line cross under a slightly positive histogram suggesting the pullback will reverse to continuation. Overall, I see GS as being suitable for long entries which I will take as call options. I will zoom into the 5 or 15 minute chart and look for a pivot low as the ideal entry. I will set a stop loss of 10% while taking one contract as a strike $330 expiring July 21st and another $330 expiring July 28th. I have picked targets based on the upper standard deviations of the VWAP bands anchored back to the pivot low on July 11th. Overall, I am expecting a 100% ROI on the two contracts.
NYSE:GSLong
by AwesomeAvani
JPM JPMorgan Chase Options Ahead of EarningsIf you haven`t sold JPM here: or bought it here: Then analyzing the options chain of JPM JPMorgan Chase prior to the earnings report this week, I would consider purchasing the 145usd strike price Calls with an expiration date of 2023-7-21, for a premium of approximately $4.15. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:JPMLong
by TopgOptions
JP MORGAN This rally has more room to growJP Morgan is trading inside a Channel Up on a strong 1D technical timeframe (RSI = 68.279, MACD = 2.320, ADX = 18.509). Supported by the 1D MA50, this bullish leg can potentially rally more. If it repeats the rise of the previous, it can hit both R1 and R2 but since R1 is neatly located at the top of the Channel Up, we will buy and pursue this as target (TP = 156.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:JPMLong
by InvestingScope
11
JPM to find buyers at previous swing highs?JPMorgan Chase - 30d expiry - We look to Buy at 143.33 (stop at 140.33) The primary trend remains bullish. This is currently an actively traded stock. Price action continues to trade around significant highs. Previous resistance at 144 now becomes support. We look to buy dips. This stock has seen good sales growth. Our profit targets will be 150.83 and 152.83 Resistance: 149.87 / 157.00 / 163.50 Support: 147.50 / 144.00 / 142.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
NYSE:JPMLong
by VantageMarkets
Daily Market Analysis - WEDNESDAY JULY 12, 2023Greetings, traders! Welcome back to our daily Market Analysis. Today, we have gathered the top news and interesting fundamental analysis for your consideration. Let's dive in and stay informed! Key events: New Zealand - RBNZ Interest Rate Decision USA - Core CPI (MoM) (Jun) USA - CPI (YoY) (Jun) USA - CPI (MoM) (Jun) Canada - BoC Interest Rate Decision USA - Crude Oil Inventories The energy and large technology sectors were the primary contributors to Tuesday's gains in the stock market, while investors awaited the forthcoming inflation reports with bated breath. The rise in value of the Dow Jones Industrial Average was 317 points, or 0.9%, while the rise in value of the S&P 500 was 0.7% and the rise in value of the Nasdaq was 0.6%. DJI indice daily chart SPX500 indice daily chart As a result of an improved demand outlook, oil prices skyrocketed, which provided a boost to the energy sector. There is a growing expectation that the oil market will tighten in the second half of this year. This expectation is supported by falling crude production as well as Saudi Arabia's commitment to cutting output by one million barrels per day beginning in July. The sentiment surrounding energy stocks was further buoyed by reports of potential stimulus measures in China, which is the largest importer of energy in the world. The stock of 3M Company (NYSE: MMM), which was upgraded by Bank of America to Neutral from Underperform, increased by almost 5% as a result of the upgrade. It is anticipated that the manufacturer of industrial and consumer products will benefit from the conclusion of legal issues, which is anticipated to enhance the performance of the company. A settlement agreement was reached between 3M and the government last month to resolve allegations that the company contaminated public water systems with PFAS, which are also known as forever chemicals. MMM stock daily chart After receiving an upgrade from Hold to Buy from Jefferies, JPMorgan (NYSE: JPM) led the banking sector higher just as earnings season was about to begin on Friday. As justifications for the upgrade, Jefferies pointed to the robustness of JPMorgan's balance sheet as well as the company's potential for earnings. Gains were also seen by regional banks, which have come under increased scrutiny ever since the banking crisis that began earlier this year. After Bank of America reaffirmed its recommendation to buy the company's stock, US Bancorp (NYSE: USB) saw its share price rise by more than 3.5%. US Bancorp is well-prepared to handle sector headwinds, according to Bank of America, and is expected to achieve superior earnings growth and stock performance, according to the statement. JPM stock daily chart Amazon (NASDAQ: AMZN), which benefited from its two-day prime day sales event, stood out as one of the few stocks in the technology sector that was trading in the positive territory. During this time, Microsoft (NASDAQ: MSFT) struggled to make gains, despite the growing optimism surrounding the impending acquisition of Activision by Microsoft for $69 billion. Activision is the company that makes the Call of Duty video game. The attempt by US regulators to temporarily block the deal due to antitrust concerns was rejected by a federal judge in a ruling earlier today. The forthcoming publication of US CPI (Consumer Price Index) data has become the sole focal point of attention for stock futures trading in both the United States and Europe. The majority of speculators are expected to be surprised by the US inflation data, which analysts strongly anticipate will exceed their expectations. AMAZON stock daily chart The change in the Consumer Price Index (CPI) for the United States is expected to be 0.3% month-over-month (m/m), while the change in the CPI year-over-year (y/y), which is the most significant change, is expected to be 3.1%, compared to the previous reading of 4.0%. If the actual number comes close to or matches the forecasted 3.1%, it will be seen as positive news for the market because the inflation target set by the Federal Reserve is 2%. On the other hand, market participants are likely to rejoice if the reading falls below 3.1% because this indicates a significant shift in the trend of inflation. Nevertheless, it is essential to pay close attention to the trajectory that the reading of inflation will take in the future. Although the data that are released today will show a significant drop, which will be driven by tighter monetary policy, an economic slowdown, and lower oil prices, these factors will have less of an influence on the inflation number going forward. As a consequence of this, the gap between the Fed's target and the actual reading might not expand by an additional factor of two from its previous magnitude. GOLD daily chart It is anticipated that the price of gold will be volatile throughout the course of the day. Even though the support level at $1,900 is strong, it may be put to a significant test if the inflation data continues to show no signs of easing. Gold prices would be supported by a sizeable decline in the reading of inflation, which could potentially lead to an attempt to test the $1,950 level. On the other hand, if the reading indicates that inflationary pressures will continue for some time, the price of gold may go up even further. As a result, there is a greater chance that the Federal Reserve will raise interest rates, potentially on more than one occasion.
by FOREXN1
14
JPMorganstock is breaking through the upper limit!JP Morgan stock is breaking through the upper limit! This chart shows the weekly level candle chart of JP Morgan stock in the past two years. The graph overlays the top to bottom golden section at the end of 2021. As shown in the figure, the low point of JP Morgan stock at the end of 2022 happens to be around 3.414 points in the golden section, and the high point in November happens to be 1.618 points in the golden section. The high points in January, March, and May this year are exactly 1.382 points in the golden section! Now that JP Morgan stock has broken the upper limit, it is about to test the first wave of low points at the end of 2021 from the top to the bottom!
NYSE:JPM
by Think_More
JPM - Rising Trend Channel [MID -TERM]🔹Price surges after double bottom formation break through 124 resistance. 🔹Next resistance at 144. 🔹RSI curve shows rising trend for uptrend. 🔹Technically slightly POSITIVE for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:JPMLong
by wavepoint99
$GS Trade Idea - Bank Stress Test With the Bank Stress Test showing positive results, here's a possible trade gameplan for GS into qEnd provided conditions are met and we have a bullish reaction to GDP + Unemployment numbers in pre-market tomorrow. The path on the 15 min chart looks messy since that's the lowest resolution I can publish, so I've included a 5 min version in the screenshot below. Ideal Gameplan: 1. Price opens above risky area shown on chart and holds above the orange rectangle on the pullback 2. Long 6/30 $325C or $327.5C 3. Can cut some at 10 am if you wish, or hold for the push into 11:30 4. On the first decent pullback after 10 am, grab some $330C "lottos" if you've scaled out Cost Basis from the initial call position 5. By 11:30, price should've made an HH that will only be exceeded near the EOD or on Friday morning (can trim most/all of $330C here if you want) 6. If above conditions are met and price continues to base above $327.50-328 during the afternoon session, can look to re-enter $330C for the late-day push, holding final runners for Friday, but keep in mind there will be theta burn overnight Note: If price opens in the orange box shown, or enters orange box during the initial pullback after open, it's best to wait until the orange box is safely cleared, as there is a chance we backtest the afterhours PA under $320
NYSE:GSLong
by bullspacman
2
Mid-Range Trade opportunity on JP MorganHere is a good trade opportunity on JP Morgan. I will wait for the breakout of the resistance level and then enter after a successful retest to the resistance level, and if it fails to break the resistance level and breaks the lower trend I will Exit and close the trade. 1- You can get around 11% profit easily. 2- It might take 1-2 months. 3- There is also a dividend declared by the company ( Ex-date: 5th July 2023). 4- This is one of the most reputed and large-cap companies, so it should be considered safe! 5- Follow the instructions on the chart carefully, Feel free to modify the trade according to your risk. Disclaimer: This is not a piece of investment advice and I am not a certified financial advisor, I just found an opportunity and thought it would be great to share it with the community, Invest at your own risk, and feel free to modify the trade according to your risk profile.
NYSE:JPMLong
by strange112
BAC rising from support LONGBAC on the daily recently descended from an asymmetrical head and shoulders pattern near to or in the supply zone as indicated by the Luxalgo indicator down into the demand zone in late March and early May for a double bottom. Fundamentally, the banking system has been propped up by the federal central banking mechanisms and the situation seems to have stabilized. DPST and KRE banking ETFs have had some good days of late. On the chart the Luxalgo Echo indicator, a predictive algorithmic tool, suggests that BAC will rise during this summer and then bounced down from the resistance of the trendline of the neck of the asymmetrical H & S. I can easily conclude that BAC is ripe for a long trade. I will take an out of the money call option for DTE 9/20 striking #37.00. I will set the stop loss at 20% - Of the 15 contracts, I will close 2 after each 20% profit level is achieved and expect to make overall 150-250% by mid-August. Because of time decay, I will not carry these open beyond September 1st.
NYSE:BACLong
by AwesomeAvani
Trading JPM in current range.JPMorgan Chase - 30d expiry - We look to Buy at 134.65 (stop at 131.65) We look to trade the current range. This is currently an actively traded stock. This stock has seen good sales growth. The primary trend remains bullish. Bespoke support is located at 134.50. Our profit targets will be 142.15 and 144.15 Resistance: 141.50 / 143.37 / 144.34 Support: 138.13 / 136.50 / 134.50 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
JPMorgan: A Wise Investment Choice Amidst Market FluctuationsOver the past few months, the stock market for banks has undergone significant fluctuations due to various factors, including interest rates, economic conditions, and notable bank failures. It's important to note that not all banks have been affected in the same manner. Despite the volatility, several major banks have adeptly navigated through these challenging times and achieved positive financial results. One standout performer in the previous quarter was JPMorgan Chase, the largest bank in the United States. As we enter the uncertain second half of 2023, it's worth examining the position of this influential player in the industry. Investors may also be interested in determining whether this particular stock is a wise investment choice. Even before the regional banking crisis unfolded in March, JPMorgan Chase had already distinguished itself as one of the most resilient large banks in the country. In fact, it appears that the bank may have emerged even stronger from that period of turmoil. Several key factors contribute to this assessment, which we will explore further. First and foremost, while many banks experienced a decrease in deposits, JPMorgan Chase saw a notable 2% increase in Q1 compared to the previous quarter, bringing the total to $2.4 trillion. This growth in deposits can be attributed to concerns among customers of smaller and regional banks, who feared widespread deposit runs following the collapses of Silicon Valley and Signature banks. As a result, these customers sought refuge in larger institutions, driven by a flight towards perceived safety and stability. JPMorgan Chase, being a well-capitalized, highly liquid, and heavily regulated bank, became an attractive option for depositors seeking these qualities. The flight to safety observed during the challenging period proved beneficial for JPMorgan Chase, resulting in a strong performance during the first quarter. The company experienced a significant 25% increase in net revenue, amounting to $39.3 billion, primarily driven by a substantial 49% year-over-year growth in net interest income. Notably, during their investor day on May 22, JPMorgan Chase's executives shared that the bank is on track to add 1.8 million accounts this year, surpassing the previous year's gain of 1.6 million accounts. The bank's net income showed remarkable progress, rising by 52% compared to the previous year and 15% compared to the fourth quarter, reaching $12.6 billion. This growth can be attributed to positive developments in consumer banking, commercial banking, and asset and wealth management, which offset declines in investment banking. Additionally, JPMorgan Chase achieved an impressive efficiency ratio, with overhead costs as a percentage of revenue improving from 62% in Q1 of the previous year to a commendable 52%, the best performance among large banks (lower values are preferable). Moreover, the bank's overall return on equity, a measure of management efficiency, surged from 13% a year ago to 18% by the end of the first quarter. While JPMorgan Chase may face challenges in the event of an economic slowdown or recession, it possesses key strengths that enable it to navigate short-term volatility. These strengths include operational efficiency, a high Common Equity Tier 1 ratio of 13.9%, a rising book value (up 9% year over year), and a substantial $1.4 trillion in cash and marketable securities. These factors contribute to the bank's robust balance sheet, providing resilience in difficult market conditions. Furthermore, JPMorgan Chase is well-positioned to seize growth opportunities beyond any potential downturn. As the markets improve, the bank is expected to experience long-term gains in investment banking, trading, and asset management. Additionally, the acquisition of First Republic Bank, which serves high-net-worth clients, is anticipated to enhance JPMorgan Chase's annual profit by $500 million, acting as a catalyst for further growth. The company also foresees greater net interest income (NII) than initially projected. JPMorgan Chase has raised its NII forecast for 2023 to $81 billion, up from the previous estimate of $80 billion. This upward revision is based on the assumption that deposit and other funding costs will decrease, driven by expected interest rate reductions by the Federal Reserve later in the year. Furthermore, JPMorgan Chase's stock is currently trading at a relatively inexpensive price-to-earnings ratio of approximately 10. This makes it an appealing investment choice, as the bank is well-equipped to handle short-term challenges while aiming for long-term growth. Taking everything into consideration, including its resilience, growth prospects, and favorable valuation, JPMorgan Chase appears to be an excellent buy at present, offering a combination of stability and potential for long-term gains. The bank's solid performance, strong financial position, and strategic initiatives position it favorably in the industry. However, as with any investment, it is important for investors to conduct thorough research and consider their own risk tolerance before making any decisions.
NYSE:JPMLong
by FOREXN1
7