JPM (JP Morgan Chase & Co) with Sell SignalMy SSG system produced a sell signal on JPM. Volatility not so attractive to short calls imho, so I am looking into buying puts currently, maybe financed by a short call...
JJJPMORGAN CHASE &CO
237.957CHFR
+6.579+2.84%
At close at Jul 24, 15:01 GMT
CHF
No trades
CMC trade ideas
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JPM NegativeThe reason that I charted this is because it looks like JP Morgan has a had a spike today but will potentially see an uptrend (bull flag) and hit near $149.00 by or before the EOD or a down trend because it is failing to continue to push to new supports (based off of Today's chart only). I am predicting it to fall based off of MACD not maintaining momentum as well as risk in the flag.
Why Jamie Dimon SoldOn the 3 month chart, the bottom of our current trend was way way back in 2008 after the crash. We finally formed a lower high on our 3 month RSI in 2021, the lower high that we formed in July 2023 was also a rejection under the moving average. We are now in a downtrend on the 3 month chart. there is no major support until we get in 50's range. Most of the major companies look this way. Across the board. I'm going to repeat it again. We are in a confirmed 3 month timeframe downtrend. This has been a 15 year process and it has led to massively overvalued companies whose share prices do not reflect current or predicted future earnings. We are at the very very top of a mountain and there isn't anything below. No one looks at the 3 month, but it shows clearly just how dire the situation is for equity markets.
JP Morgan Chase & Co to $40 and belowA safe pair of hands. That’s what they tell me about JP Morgan. The chart says otherwise.
On the above 2-month chart a significant negative divergence has confirmed with price action. Looking left history tells us a correction of up to 80% follows with those powerful divergencies. A strong sell signal also printed on the chart similar to that in 1999 (not shown on chart).
Is it possible price action continues rising? Sure.
Is it probable? No.
Shall continue to study banks around the world to determine if this is a global issue or restricted to the USA. Indications at this time suggest the stress is restricted to American, Australia, & Swiss banks, I don’t know why. Remaining European banks do not appears to show the same bearishness.
Ww
JPM JPMorgan Chase & Co Options Ahead of EarningsIf you haven`t sold JPM here:
or reentered ahead of the previous earnings:
Now analyzing the options chain and the chart patterns of JPM JPMorgan Chase & Co prior to the earnings report this week,
I would consider purchasing the 147usd strike price Calls with
an expiration date of 2023-10-13,
for a premium of approximately $1.91.
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.
JPM gap up on Earnings, now back in to the range... Played OTM NOV20 calls when NYSE:JPM FTFC flipped to green.
Loads of #TheStrat elements now in this chart a week and a nice +130% later.
Exited above the top of the tri (18 m's) after opening, when price stopped going higher and started to reverse.
Broadening formation: higher highs, lower lows, higher highs. See how it took out 3 weekly pivots (in blue) after last weekend post.
Giant shooter on the daily after Earnings (gap up): 'mind the gap' as Rob thought us.
Now, back into the range. Full Time Frame Continuity no longer green on all (my) major timeframes, but red on the day and on the 60.
JP MORGAN Buy signal triggered.JP Morgan Chase crossed over the MA50 (1d) and despite the intra day pull back, it is considered a bullish signal.
This came after the price hit and bounced on the MA200 (1d).
That was the bottom of the 11 month Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 157.00 (under the Resistance, same with the April break out).
Tips:
1. The RSI (1d) also crossed over its Falling Resistance. Again similar to April's fractal.
Please like, follow and comment!!
JPM Earnings and Buying OpportunityJPM Earnings and Buying Opportunity
Bloomberg Markets: "JPMorgan posts another quarter of record net interest income and boosts its forecast for the year as it benefits from higher interest rates and its purchase of First Republic Bank"
Daily Closing above 148 $ may trigger the bullish PA.
Targets : 150 $ 153 $ 159 $
JPMorgan launches new blockchain-based product
The commercial bank JPMorgan tested the Tokenized Collateral Network (TCN) system for tokenizing collateral, conducting a real transaction between the financial giants BlackRock and Barclays.
TCN converted shares of one of the investment funds into corresponding tokens, which were then used as collateral for an over-the-counter derivative deal between the two companies.
Such a mechanism greatly simplifies settlements due to the fact that tokenized assets can be used as collateral for transactions, which means that there is no need to physically sell them.
The testing of this system took place in the spring, but only now the first real transaction occurred, which showed fantastic results according to the bank’s management.
J.P. Morgan Enhances Data Management Capabilities for SecuritiesJ.P. Morgan today announced the launch of its Securities Services Data Mesh for institutional investors, available through Fusion by J.P. Morgan (Fusion). The solution enables investors to retrieve critical investment data held by J.P. Morgan’s Custody, Fund Accounting and Middle Office services, using cloud-native channels including REST APIs, Jupyter notebooks and the Snowflake Financial Services Data Cloud.
Resumption to Banking Sector. $JPMHey TradingView. TiltonKy is bank to bring some new ideas for the quarter.
We are investing numerous positions, and a few we plan to share with trading view this quarter.
Firstly Banks.
"SVB Banking Crisis" has put a point and hold on the banking sector this year. Giving Financials a 2 year devalution on going. This bear market for the sector has gone on for long enough.
The technicals suggest a eclipse of the Downward Trend. And Overall bullish tend that has been intact for years.
We have Banking Quarterly Earnings for Q3 Due to begin reporting at the end of this week.
We are speculating a new resumption in the banking sector to follow up the the rally into end year. If banks can report solid earnings, in this new "higher for longer" rates enviroment. Certainly we can see this new adoption in the rally.
I think the attention has been steered away from Finanicals. We see to believe that the banking has been oversold, overreacted and Undervalued based on its valued to the economy.
Price Targets are set to Fair Valuation.
Technicals-Wedge breakout Pattern. Both stocks.
Expression. 130C or 125C Jan 24. =Time Dated for the entire Quarter. 90days. +
Macro Views.
PNC
- 35% Upside Potential. 160.00+
JPM
- 10% Upside Potential. 160.00+
This Year End Price Targets.
JPM firming up to go back up North... JPM nice hammer week, FTC flipped to green.
Not there yet, as in hammer week itself is not an actionable signal (yet) as per TheStrat.
Above 145.88 and as long green, nice potential back up north with decent pivots on the weekly and if it can keep going 160 area during Q4.
Let 'm open next week, keeping an eye on financials as well, also keep in mind JPM Earnings (Oct 13).
Earnings Journal█ SIMPLISTIC ANALYSIS </
Current Trend: positive.
Next Wave: buy wave to the deviation.
Trade Type: Touch & Go don't wait for a close.
█ EARNINGS AT A GLANCE </
Release Date: 10/13 BMO
Earnings Anticipations: positive surprise for EPS & Revenues.
Surprise-Confidence on a scale of 0-5: 3.5
EPS & Revenue Trend: the trend in EPS is positive, the trend in Revenues is positive.
█ SYNOPSIS </
"I expect the market will buy the surprise if the earnings hit the Wall Street consensus, or sell the surprise if the earnings miss the Wall Street consensus."
█ BACKGROUND </
Research Depth: technical & fundamental glance only.
JP Morgan Chase to continue in the uptrend?JPMorgan Chase - 30d expiry - We look to Buy at 150.35 (stop at 146.75)
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 150.25 should result in a further move higher.
The bias is to break to the upside.
Our profit targets will be 159.35 and 161.35
Resistance: 148.87 / 150.25 / 153.00
Support: 143.70 / 142.65 / 140.00
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JMP Short Term Target JPM Broke the current trend line and looks to be heading further down. Possible retest of the trend to watch out for.
Currently playing on a strong resistance that could turn into a support, If we don't hold this as a support I'd expect a retest of the support at around the $134.33 level, targets are $136 & $135.
Trade 1:
Target $136, expires 15th September
Trade 2:
Target $135, Expires 29th September
Options - Long JPM over 150.11 - Target 151With a 5 min confirmation over 150.11, JPM has room till 151 without roadblocks. Over 151 it may run till 153.
Plan:
- Wait JPM to break 150.11, a break + retest would be perfect. CALL Options @ 150.
- Initial Stop loss below the 5min candle before the break of 150.11
- Exit Profit 70% @ 150.95
- Trail 30% Stop Loss to 150.70
- New Profit Target 152.95
