J.P. Morgan Chase & Co (NYSE:JPM) is the most important financial stock that any trader can follow at this time. This stock has lead the major market indexes higher throughout the first three months of 2012 and now the same stock is leading the markets lower. JPM stock has come under some major scrutiny after reporting a $ 2 billion trading loss in its investment unit. The daily chart of JPM stock remains very weak as the stock has cut through the important daily chart 200 moving…Continue
Added by Bryan Leighton on May 16, 2012 at 3:51pm — No Comments
The U.S. markets are trading flat on the day after an ugly overnight session in the S&P futures. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $136.91, -0.05 (-0.04%) after the S&P futures were down as much as 20 points overnight. This surge back was helped by the weakening Dollar and the strengthening Euro off their overnight highs and lows.
Yesterday, the people France and Greece sent a clear message to their leaders. The austerity measures being implemented are…
Added by Bryan Leighton on May 7, 2012 at 12:19pm — No Comments
This morning, all of the leading financial stocks are catching a bid higher. This move in the financial stocks comes despite the sharp sell off in the overnight trading session in the futures market. The most important financial stock that any trader can follow is J.P. Morgan Chase & Co (NYSE:JPM). Today, JPM stock is trading higher by 0.25 cents to $42.00 a share. It should be known by almost every trader and investor by now that JPM is a stock that should be treated as a stock…Continue
Added by Bryan Leighton on May 7, 2012 at 10:48am — No Comments
This morning, all of the leading financial stocks are declining lower. J.P. Morgan Chase & Co (NYSE:JPM) is considered the most important financial stock in the United States. This stock will often lead the major stock market indexes. Today JPM stock is trading lower by 0.39 cents to $43.40 a share. Short term traders should watch for intra-day support around the $43.15 and and $42.64 levels. The daily chart will still have support around the $41.00 level.…
Added by Bryan Leighton on April 27, 2012 at 10:47am — No Comments
In 2012, the financial stocks have lead the stock markets higher. Most of the leading stocks in the financial sector still remain in a daily uptrend. This is very evident when traders are viewing the Financial Select Sector SPDR (ETF) (NYSEARCA:XLF). The XLF is clearly trading above the 50, and 200 daily chart moving averages at this time. While the overall sector still remains strong there is just one leading stock in the financial sector that traders should follow, it is J.P. Morgan…Continue
Added by Bryan Leighton on April 5, 2012 at 11:03am — No Comments
This morning, the U.S. Dollar Index topped out around 4:30 am EST. This was the same exact time that the S&P 500 Index e-mini futures (ES-M2) bottomed out. Traders can easily see how these two indexes continue to trade inverse to each other. When the U.S. Dollar is devalued it will inflate asset prices around the world. Traders can see how the large bank stocks are surging higher today. As long as this sector remains strong the major stock market indexes can trade higher. Leading…Continue
Added by Bryan Leighton on March 26, 2012 at 10:54am — No Comments
Stocks are moving higher today on the back of the banking sector. Banks are surging today as the ISDA (International Swaps and Derivatives Association) decided not to declare Greece in bankruptcy. This is positive for the banks as they will not take massive losses (as of now). Ultimately, it is just a short term stay of execution but one that is causing the banks to surge higher and lift the market. Interestingly enough, one might wonder who the main players that have influence in the ISDA…Continue
Added by Bryan Leighton on March 1, 2012 at 12:43pm — No Comments
This morning, all of the leading financial stocks are holding up after an early morning dip. J.P. Morgan Chase & Co (NYSE:JPM) is considered the most important financial stock in the United States. As long as JPM holds up it is very difficult to see the major stock market indexes stage any meaningful decline. Traders that follow JPM stock can watch for intra-day resistance around the $38.25, and $38.50 levels.
Other important financial stocks that traders…
Added by Bryan Leighton on February 27, 2012 at 11:13am — No Comments
The financial stocks have now lead the major stock indexes higher since late November 2011. Traders and investors that have followed the financial sector very closely know that every crisis over the past five years has been a banking crisis. Even today, the problems in the European Union are simply just more banking problems. This afternoon, the financial stocks are all trading slightly lower on the day. The popular and highly traded Financial Select Sector…Continue
Added by Bryan Leighton on February 22, 2012 at 4:00pm — No Comments
The financial stocks have been very strong since December 19, 2011. J.P. Morgan Chase & Co (NYSE:JPM) is the leading financial stock in the market. This morning, JPM stock is declining lower by 0.43 to $37.86 a share. Nearly everyday, the financial stock will trade right along with the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA). This leading sector will normally decline in the early part of the trading session and rally back in the second half of the day. Traders can…Continue
Added by Bryan Leighton on February 14, 2012 at 10:53am — No Comments
There is a key trend line on the SPDR S&P 500 ETF (NYSEARCA:SPY) stretching from January 31st, to the low of yesterday. This line has been hit multiple times between these two points and has bounced each and every time. Again, the market hammered this line twice in the morning session of trading today. Each time the 10 minute candle on the SPY closed below. As traders were set to pounce, the market spiked higher, negative the close. Each time the markets got below this major trend line,…Continue
Added by Bryan Leighton on February 9, 2012 at 12:41pm — No Comments
J.P. Morgan Chase & Co (NYSE:JPM) is considered the leading financial stock in the United States and possibly the world. This morning, JPM is coming under some early selling pressure. This important financial stock is trading lower by 0.42 to $37.72 a share. Short term traders can watch for intra-day support around the $37.55, and $37.40 areas. The daily chart of JPM is still very strong and the stock remains in an uptrend.
Some other leading financial…
Added by Bryan Leighton on February 7, 2012 at 10:22am — No Comments
The leading financial stocks have been rallying higher since late November 2011. Many traders have discovered that J.P. Morgan Chase & Co (NYSE:JPM) seems to be the most important financial stock in the market at this time. This stock remains very strong on the daily chart. JPM stock is trading above the important daily chart 50, and 200 moving averages which signals strength in the near term. Traders must watch the big resistance levels that will approach around the $40.00 area.…Continue
Added by Bryan Leighton on February 2, 2012 at 11:08am — No Comments
As the market heads higher, the financial stocks lead the way. These gains continue to mount as concerns over Europe remain muted and economic news from China is strong. Stocks like JPMorgan Chase & Co. (NYSE:JPM) are up from a late November low of $28 and now hover at $38.00 per share. This massive spike is seen in almost all financial stocks.
While the gains are impressive, banks are nearing major resistance levels. These must be respected. The most obvious resistance point…
Added by Bryan Leighton on February 1, 2012 at 1:09pm — No Comments
This morning, the leading financial stocks are coming under some early selling pressure. Since December 19, 2011 nearly every morning decline in the financial stocks has been bought in the latter part of the trading day. Last night, President Obama said that the banks would not be bailed out again and they would not be allowed to gamble the way they have in the past. This statement by President Obama could be having a negative effect on the financial stocks today.…
Added by Bryan Leighton on January 25, 2012 at 10:19am — No Comments
Since late 2007, it is the large financial stocks that have moved the major stocks market indexes higher and lower. Traders and investors must remember that the problems facing the economy have been in the banking and financial sectors. The one financial stock that everyone must follow extremely close is J.P. Morgan Chase & Co (NYSE:JPM).
J.P. Morgan stock is probably the most important stock that anyone could follow at this time. This stock is one of the…
Added by Bryan Leighton on January 9, 2012 at 10:27am — No Comments
This morning, all of the leading financial stocks are trading higher. When the financial stocks rally it is usually a good sign that the major stock market indexes will hold up. Traders should follow Financial Select Sector SPDR (NYSE:XLF) closely. The XLF has started higher by 0.16 cents to $12.73 a share. Short term traders should watch for intra-day resistance around the $12.75, and $12.90 levels. If the XLF starts to retreat from the morning highs it is a good chance that the stock…Continue
Added by Bryan Leighton on December 15, 2011 at 10:34am — No Comments
As the markets continue to trade lower on the day, bank stocks remain extremely strong. This is very unusual as usually downside is headed by the financial sector. Today, JPMorgan Chase & Co. (NYSE:JPM) is trading at $31.78, +0.49 (1.57%). Across the board, bank stocks are flat to higher. What does it mean?
With the bank stocks leading and the markets still lower, smart traders realize news may be on the horizon from Europe. This has been the case in the past. When the financial…
Added by Bryan Leighton on December 14, 2011 at 1:55pm — No Comments
This afternoon, the Federal Open Market Committee (FOMC) will announce there interest rate policy statement. Most traders and investors are expecting the Federal Reserve to keep the Fed funds rate (overnight lending rate to the large banks) at zero percent. It is important to note that the Fed funds rate has been at zero percent since December 2008. Many investors are waiting to hear if the Federal Reserve Chairman Ben Bernanke mentions another plan to implement QE-3. While this action…Continue
Added by Bryan Leighton on December 13, 2011 at 11:07am — No Comments
All of the leading financial stocks are coming under some selling pressure this morning. The important Financial Select Sector SPDR (NYSE:XLF) is finally declining after an eight day rally. On November 25, 2011 the XLF was trading as low as $11.73 a share. Today the XLF is trading lower by 0.21 cents to $13.12 a share. Even with today's decline in the XLF this ETF is still $1.39 higher than it was on November 25, 2011. All in all, the XLF is still holding up well on the daily chart at…Continue
Added by Bryan Leighton on December 8, 2011 at 10:23am — No Comments