Tag Archives: JPM
JPM
With today’s love fest on Bloomberg with Jamie Dimon, no wonder everyone is buying JPM. A close today over 49.23 puts in an ORH day, which is a price positive pattern. The stop on any new Long is 48.40.
Big Cap Multi-Nationals
are running the show.. IBM…needs below 191 to wash out longs JPM..42.50 for weak longs…below 41 for the longer term players CAT…88 is first support, with 91 resistance the first time up. OXY…looks descent against 75.40 DIG & XLE…the upside … Continue reading
A.M. Look 12/11/12
Goog…there are weekly stops under 682 with 678 the first fib support. 665–670 is a higher probability level to look for a bounce. PCLN…619 was last qtr’s close. Below here we’re looking for the low 590’s. AAPL…nothing has changed. Closing … Continue reading
A.M. look 12/10/12
Euro…128.46 followed be 127.50 ish are the relevant support levels. 30 yr. Bonds..we placed orders to sell on Friday @ 152.14-17 (H). Cancel these orders, however we will look to sell them at this level if and when they get … Continue reading
Pattern Alerts!
Financials (BKX) are attempting an ORL day as is GS,JPM,BAC, & C So is OXY in the Oil patch. Pay attention to your holdings! It should be a volatile last 30 minutes.
JPMorgan_Chase_&_Co_Weekly.gif & Grains
We like the BKX as well as the low today in JPM.. They both have similar patterns. This is a trad able low with a potential weekly double bottom. The stop is 40.55 for those adding risk. Grains… You should … Continue reading
JPM | JP Morgan Chase Daily Chart
JPM is half way back from the Oct lows and holding above the 200 day!! Any rebound off this level will give help to the Equity Indices.