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Jpmorgan

$SPY Divergence; Its different this time!!??A little background on myself as this is my VERY FIRST EVER POST. Like most of us on here, I have tremendous goals in life and don't want to settle for "being average". I grew up below the middle class by a single mother of four kids that worked two full time jobs to provide for her kids and I couldn't afford university. I have worked in the oil patch in Alberta Canada along with a few well paying labor intensive jobs to earn more money to find the more I earned, the more taxes I paid and expenses I seemed to have incurred. Life felt like a trap and this was brought forth by my favorite author and someone I'd consider a mentor now; Robert Kiyosaki, approximately two years ago. I've taken it upon myself to educate about many subjects starting with banks and our monetary system over the past two years. (I wont get too in depth with this subject as it can be debated and go on, and on, and on) I was pleased to learn the Federal Reserve has nothing to do with the Federal Government and there is no reserves (who knew right!?)… Banks have fascinated myself as they hold the most of what I want. I've witnessed first hand ITS ALWAYS ABOUT THE MONEY many times over the past year, most recently with my wife and mother of our two kids - 11 months and three years old, battling breast cancer at the age of 32 years (about to go for her second round of chemotherapy) when she had to try a drug that makes her feel like crap and fail first because the other one that's substantially more affective with less side affects - costs more money. Much like most wealthy people (I don't consider myself wealthy. Yet). I want people to create an empire, and success stories get me excited! So, I've decided this is my first step in sharing something with the rest of you that have influenced many trading ideas and decisions over the past two years. I would appreciate any feedback or opinions on this because as I've learned; NEVER let your opinion put the blinders on or emotions get in the way of a trade. (this was my cost of education haha). THANK YOU TO EVERYONE THAT POSTS AND SHARES THEIR IDEAS - I have and will continue to learn from all of you at one point or another! NOW to the "MEAT AND POTATOS" The banks tops pre-Covid Crash - I'm calling this a crash because of how short lived losses were - December 23, 2019. 36 Trading days later we saw the S&P begin to take a bath. JPM, WFC, & BAC (the 3 largest banks in America) had a very visible divergence prior to this fall out creating lower highs as the S&P was making new highs which sounded an alarm in my head however I kept it to myself being newer to the markets and sold most positions sitting on what I had ready to buy the bottom. I didn't quite buy the bottom but definitely caught my sails in the winds on the way back up but that's besides the point. Here we are 360 trading days later banks have clearly put in new highs June 1st Since there is a clear divergence AGAIN in place between the big 3 and the S&P 500 JPM Earnings July 14th (tomorrow) - DOWN 1.40% TODAY WFC Earnings July 14th (tomorrow) - DOWN 1.90% TODAY BAC Earnings July 14th (tomorrow) - DOWN 1.45% TODAY 36 trading days from June 1st highs would lead me to July 23rd (also happens to be my bday - this would top any cake I've had) for the beginning of a potential correction! Time will tell but I will be watching how they react to earnings. If they make a lower high I will shuffle over to more of a bearish position and increase my hedge on call options in SH, UVXY, SPXU. New highs will indicate S&P has great potential to keep running! Both scenarios are still in play! Another little touch to leave yourselves with encouraging a proper hedge: ***Copied from yahoo finance data*** Top 8 Holdings in SH (51.55% of Total Assets) Name Symbol % Assets S&P 500 Index Swap Bank Of America Na N/A 11.03% S&P 500 Index Swap Bnp Paribas N/A 8.22% S&P 500 Index Swap Goldman Sachs International N/A 7.45% S&P 500 Index Swap Societe Generale N/A 6.74% S&P 500 Index Swap Ubs Ag N/A 6.34% S&P 500 Index Swap Citibank Na N/A 5.23% United States Treasury Bills N/A 3.37% S&P 500 Index Swap Credit Suisse International N/A 3.17% ***Copied from yahoo finance data*** Top 8 Holdings in SPXU (109.31% of Total Assets) Name Symbol % Assets S&P 500 Index Swap Credit Suisse International N/A 22.37% S&P 500 Index Swap Societe Generale N/A 20.03% S&P 500 Index Swap Ubs Ag N/A 18.23% S&P 500 Index Swap Goldman Sachs International N/A 14.18% S&P 500 Index Swap Bank Of America Na N/A 12.11% S&P 500 Index Swap Bnp Paribas N/A 11.10% S&P 500 Index Swap Citibank Na N/A 6.55% United States Treasury Bills N/A 4.74% Very similar trends in Canadian bank stocks if you care to take the time and compare TD, RY, BMO, BNS as well! Thank you all for reading and PLEASE share your thoughts on this!
AMEX:SPY
by stsoumpas
16
€3000 by 21.05.21 ?What an amazing week it has been for ETH and the Ethereum Community, there has been some serious shockwaves with the announcement of adoption by major banks to use the ETH2 protocol as a transport layer between private blockchains and CBDC's, the European Investment Bank just announced they are using Ethereum smart contracts to issue €100m bonds in conjunction with JP Morgan, Santander, Credit Agricole while the protocol is evolving using technology like Hyperledger Besu and Consensys Quarum to connect the banks to the blockchain. This new has of course created lots of retail action some incoming from BTC, FOMO is starting to kick in, can ETH get to €3000 by 21.05.21 or maybe sooner?
Long
by TobesVibration
2
Watch for JPM dip to $142Full disclosure...I believe that JPM's recovery from the COVID crash occurred for 1 of 2 reasons, maybe both: 1) They're too good at making money (or not losing it). 2) They're cheating. There are two concerning trends that I would like to point out with this analysis. I'm more inclined to believe the latter due to precedence, which increases the long-term risk for big dips. Yes, they will recover from any selloff, however, this is the reason that I do not like JPM long. The news regarding the soccer super league that would be financed by JPM is a big reason for the dip we are seeing now. Reports (credibility unknown) show that soccer fans are boycotting the bank for all the wrong reasons. If the stock breaks the lower boundaries of the wedge, I can see a selloff to a sub $145 region, which would provide a great buy opportunity, with a $163 price target in mind. The same goes for the upper limits of the wedge. The Head and Shoulders pattern gives me some worry about the possibility of breaking $150, before going below $145. Bold predictions as usual... JPM options usually prove to be extremely lucrative I believe that they are currently overvalued (especially at $160), I would love to hear some reasons for an oppositional opinion. *Share your thoughts and concerns with my views! **Not a financial advisor. ***Don't judge me on my winners. Judge me on my losers, because there are so few.
NYSE:JPMShort
by kambach
2
Super League Controversy Creates a Trading Opportunity on JPM The proposal for the formation of a new "Super League" by a breakaway group of top-tier football clubs in Europe has stirred quite the polemic over the past several hours, especially after the name of the U.S. bank JPMorgan was thrown into the controversy. Leading clubs from England, Italy, and Spain, announced their intentions to create a new competition comprising of some of the world's richest clubs, such Manchester United, Real Madrid, Juventus, and Barcelona, which was the primary cause of the commotion. The announcement was followed by an immediate outcry from fans denouncing the proposal, viewing it as nothing more than a cash-grabbing idea. It was later revealed that JPMorgan was to finance the Super League with more than $4 billion, helping organise it using an American-style model used in the NFL and NBA. Account Go Premium Analysis Journal Markets Shark Radar Trading eBook Mission Search by Tag Terms & Conditions Risk Disclaimer Privacy Policy Contact us Sign out Profile Settings Subscription Billing History Search by Tag Terms & Conditions Risk Disclaimer Privacy Policy Contact us Go Premium Analysis All Forex Commodities Indices Stocks P&L History Journal Markets Shark Radar Trading eBook Mission Markets Breakdown of the latest developments on the global exchanges Apr 21, 2021, 8:52 AM GMT #StockMarket JPMorgan's Super League Gamble Backfires After Severe Outcry from Fans JPMorgan's Super League Gamble Backfires After Severe Outcry from Fans Chelsea Supporters Protesting the Super League. The proposal for the formation of a new "Super League" by a breakaway group of top-tier football clubs in Europe has stirred quite the polemic over the past several hours, especially after the name of the U.S. bank JPMorgan was thrown into the controversy. Leading clubs from England, Italy, and Spain, announced their intentions to create a new competition comprising of some of the world's richest clubs, such Manchester United, Real Madrid, Juventus, and Barcelona, which was the primary cause of the commotion. The announcement was followed by an immediate outcry from fans denouncing the proposal, viewing it as nothing more than a cash-grabbing idea. It was later revealed that JPMorgan was to finance the Super League with more than $4 billion, helping organise it using an American-style model used in the NFL and NBA. JPM closed yesterday's trading session with a loss of 2.21 per cent, and as can be seen on the 4H chart below, bearish pressure keeps mounting. The price action is developing a major Descending Wedge pattern, which typically entails likely uptrend continuation. However, the latest developments could change that. After having broken down below the 100-day MA (in blue) yesterday, the share price is currently testing the lower boundary of the Wedge. If it gets broken as well, then JPM could tumble as low as the major support level at 140.00. The latter is currently converging with the 200-day MA (in red), making it an even more prominent price level. In contrast, the broader bullish trend could still survive, but the share price would have to rebound immediately and then break out above the upper boundary of the Wedge. In case that the price does indeed manage to complete the Wedge, it would then be able to test the all-time record resistance level at 160.00.
NYSE:JPM
by Trendsharks
$JPM Before earningsJPM is looking at a retest of that 160 target I had a few days ago. As expected, algos took profits and it put in a bearish candle at the top. It seems like JPM has been trading inside a very range for a while, and if earnings posted are good, it should break higher, looking at 160 calls that should be paying nicely on this swing. All indicators show a bullish trend to the upside, especially the Stoch RSI. There is a slight bearish divergence on the Ichimoku indicator that is showing near term bearishness. I like this setup to retest the highs at or after ER.
NYSE:JPMLong
by Modus777
RAMP April PT $5.16RAMP is a great new edition to the DeFi space that has tons of upside considering they're offering a unique value proposition. They allow token holders to re-liquify their staked collateral and in essence allow investors earn double the return of any other staked DeFi pool. It's an ingenious concept and is backed by some of the top names in the financial industry partnering up and investing in them. The list is actually quite impressive: Backers: JP Morgan, BlackRock , Deloitte, MSFT , BNP Paribas, Blockwater Capital, Binance, IOST Investors: Alameda Research, ParaFi Capital, Mechanism Capital, XRP Capital, IOST, Torchlight Ventures, Ruby Capital, Blockwater Capital, Signum Capital, MW Partners, LayerX Capital, Orthogonal Trading This is a very tiny market cap coin at under only $200m (circulating supply). RAMP will be launching its mainnet upgrade any day now and imo will take off in April to at leas a market cap of $1B as many will flock to earn double the returns of all competitive products on the market. Link to LitePaper Link to RAMP Website Problem: An Inefficient US$300 Billion Market With the rapid growth of the staking economy, global staking market cap has rocketed to exceed $300 billion. However, staking by itself is not capital optimal as it gives bond-like returns, while users have to also deal with fluctuating asset prices. Staking also results in substantial asset values locked into illiquid positions. There can be much better ways to maximize the value and returns on these assets for asset owners. Conclusion I just bought a bag of RAMP and you should too... this is going to go bonkers during April. I have three price targets per below: PT1: 1.67 (100% upside) PT2: 2.38 (183% upside) PT3: 5.16 (514% upside) The final PT would barely get RAMP over $1B market cap... these are very doable rates of returns considering most DeFi projects with legitimate backers and capital are north of $2-3B market cap.
RLong
by ich1baN
11
April PTs for RAMP PT3 $5.16RAMP is a great new edition to the DeFi space that has tons of upside considering they're offering a unique value proposition. They allow token holders to re-liquify their staked collateral and in essence allow investors earn double the return of any other staked DeFi pool. It's an ingenious concept and is backed by some of the top names in the financial industry partnering up and investing in them. The list is actually quite impressive: Backers: JP Morgan, BlackRock, Deloitte, MSFT, BNP Paribas, Blockwater Capital, Binance, IOST Investors: Alameda Research, ParaFi Capital, Mechanism Capital, XRP Capital, IOST, Torchlight Ventures, Ruby Capital, Blockwater Capital, Signum Capital, MW Partners, LayerX Capital, Orthogonal Trading This is a very tiny market cap coin at under only $200m (circulating supply). RAMP will be launching its mainnet upgrade any day now and imo will take off in April to at leas a market cap of $1B as many will flock to earn double the returns of all competitive products on the market. Link to LitePaper Link to RAMP Website Problem: An Inefficient US$300 Billion Market With the rapid growth of the staking economy, global staking market cap has rocketed to exceed $300 billion. However, staking by itself is not capital optimal as it gives bond-like returns, while users have to also deal with fluctuating asset prices. Staking also results in substantial asset values locked into illiquid positions. There can be much better ways to maximize the value and returns on these assets for asset owners. Conclusion I just bought a bag of RAMP and you should too... this is going to go bonkers during April. I have three price targets per below: PT1: 1.67 (100% upside) PT2: 2.38 (183% upside) PT3: 5.16 (514% upside) The final PT would barely get RAMP over $1B market cap... these are very doable rates of returns considering most DeFi projects with legitimate backers and capital are north of $2-3B market cap.
RLong
by ich1baN
3
i hate saying this but : i told ya...tip of the iceberg or end of correction ? everyone was saying 72k and it went 52k now everyone is saying 48K and it will be ... ? btc will surpirise you every second you are dealing with it . 48-49k is a very important area for btc . most companies and etf,s(tesla - musk - grayscale - jpmorgn) bought huge amount of btc near that area but pleeeeaaaase be aware that thier average buy price is somewhere around 28-30k and with thier power they can take all you have made since last couple of months (good news : march is about to end !) trade with caution
by pmehdipour13
#Bitcoin: Still showing bullish signs, with strong news week.After Bitcoins crazy run up from 30,000-58,000 we saw an almost $10,000 retracement with many traders reacting in panic. But is the run really over? I doubt it. __________________________________________________________________________________________________ Below i am going to explain some basic reasons why I think we are going upwards from here: 1. Institutional Interest Many "High Profile" buyers are still interested and purchasing BItcoin such as Square, Microstrategy & Grayscale Investments. 2. Bullish Pattern The Falling Wedge is a strong Bullish Reversal Pattern that may give us a good sign buyers are now in control of this market again. 3. Similar Price Action The current Falling Wedge & Price Action is quite similar to that of $33,000 area, we had a Falling Wedge, aswell as institutional buyers towards the bottom of the pattern. Just like we are currently, as marked on the Falling Wedge forming from $58,000. __________________________________________________________________________________________________ 1. Institutional Interest Below I am listing current news which I think is definitely supporting the idea that the Buyers are in control: The news is flowing HEAVY around Bitcoin and quite positive! The big guys are interested, and everyone is trying to get a piece of the pie now. The Demand outweighs the Supply. Microstrategy Purchases more Bitcoin: twitter.com JP Morgan recommends 1% in Bitcoin: techstory.in Goldman Sachs opens Bitcoin trading again: markets.businessinsider.com Twitter Announces $1.25 Billion Convetible Notes Offering (Founder is a fan of Bitcoin, and Microstrategy had a similar offering to generate capital to purchase more Bitcoin: apnews.com Square payments buys more Bitcoin: www.cnbc.com Cititbank states Bitcoin could become the currency of Global Trade: www.theblockcrypto.com __________________________________________________________________________________________________ 2. Falling Wedge Pattern & Similarities in Price Action In this pattern price swings 5 times between two converging trendlines while falling to form a “Wedge", this a potential sign the buyers are slowly taking control and we see a "breakout" to confirm this" Works extremely well with Bulllish Divergence and the pattern has a high sucess rate. It often sweeps the lows at A before breaking out and this is the ideal entry point followed by the bullish retest (B). Target is the top area of the pattern. Pattern tends to break out when around 60% complete and commonly off the 0.78 fibonacci level. In the below images you can see the similarities between late January & Now. In January we had the Falling Wedge Pattern with a Tesla purchase, and now we have a similar pattern with a few other big names purchasing (Microstrategy, Square). First example of the Falling Wedge (Note how Elon Musk purchased around the Bottom of this Pattern before the upwards move began): Here we can see how once we had the breakout we had a strong upmove: Here we can see a comparison of the current pattern: __________________________________________________________________________________________________ 3. Conclusion The most important thing to consider when investing and trading Bitcoin is the Fundamentals & Supply & Demand.. currently there is a huge Demand still for buyers of the Cryptocurrency as you can see from the above articles (they are all recent) and the potential signs on the chart as well the buyers are regaining control.. The use case for Bitcoin grows strong with the FED still printing and seeing more and more big names getting behind it every week. These factors alone give us a high probability of a sustained upwards movement from here.
Long
by Worth_The_Ri5k
7
Market manipulation on Silver by JP Morgan!Hello. Let me get this straight. First of all, I am a holder of physical silver and I find it very strange, that Jamie Dimon (JP Morgan) is meeting the one and only Joe Biden just after a rough couple of days of silver going up in value and demand As of recent, I noticed a strange volume occurring on silver futures and I thought I would do some digging, and I must admit I was not the first one! For other people, this might be normal to know that the silver market is acting weird, for me this was the first time. The ongoing investigation led me to this article today. Posted by ZeroHedge -https://www .zerohedge.com/commodities/houston-we-have-problem-85-silver-london-already-held-etfs Where it says that JP Morgan added to their SLV position 2800 tons of silver. Which compared to the yearly OVERALL PRODUCTION OF SILVER IS 10%! If that number just does not say they ARE FULL OF CRAP I don't know what will... The OVERALL annual investment in silver is about 18% of its whole production and here we have JP Morgan throwing in 10% of that in their vault in about 5 days when the price is almost at local high? Seems legit. Here is what the article says too... There is only so much silver left for ETFs to fight over in London vaults and when there is non left the price should skyrocket. Unless they start printing again? Sounds a LOT like there should be an investigation or at least I am hoping that people buying in those ETFs start to bank out physical silver and take this god damn banker's firm to the shothole it came out of. I hope you are doing great. and have fun longing the best precious metal out there! Cidoguy.
TVC:SILVERLong
by Cidoguy
4
JPM short trade updated chartHere is the updated chart on JPM short trade I have posted on January, 12th. Brief pop above the resistance level to clear out any shorts. Turning around and dropping down below which proves to be a bull trap. From there, pretty steady down trend day after day. Today, hitting the first target. 10.5% down from the high. Next target is $117.20ish level and reaction is likely once it gets there. I expect a gap down tomorrow and hitting that second target pretty quick given the current market posture. Around $104.50 seems like a good support and that seems like a pretty good swing target and which will be around 26% from the high. How bullish the overall sentiment is, I can see very quick rush to the exit once it turns. Have a good trade everyone, T.
NYSE:JPMShort
by TK0421