Bryan Leighton's Blog Posts Tagged 'WFC' (39)

Financial Stocks Lead The Rally

This morning, all of the leading financial stocks are catching a bid higher. This is the first real bounce for this important sector in about a week. The most important financial stock in the market is J.P. Morgan Chase & Co (NYSE:JPM). This leading financial stock is is trading higher by 0.68 cents to $41.30 a share. Short term traders should watch for intra-day resistance around the $41.50, and $42.00 levels.



Some of the other leading financial stocks that…

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Added by Bryan Leighton on May 10, 2012 at 10:36am — No Comments

Financial Stocks Keep Markets From Coming Unglued

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…

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Added by Bryan Leighton on May 7, 2012 at 10:48am — No Comments

Too Big To Fail Is Too Big To Fall

This afternoon, all of the large major bank stocks are holding up despite the sharp decline in the major stock indexes. Leading bank stocks such as JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), Bank of America Corp (NYSE:BAC), and Wells Fargo & Company (NYSE:WFC) are actually trading positive today by a few pennies. If these recent market leaders were trading lower on the session the major stock indexes would certainly be much worse today. The large financial stocks…

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Added by Bryan Leighton on March 28, 2012 at 3:49pm — No Comments

Financial Stocks Must Be Watched Closely

Everyone in the financial media is raving over the higher interest rates in the bond market. Most talking heads on the cable news channels are talking about how the steeper yield curve is beneficial for the large bank stocks. There is a case that the large bank stocks can charge higher interest on their loans and make more money. Do banks make many loans these days. It seems that the large banks are still very content hoarding cash as they continue to borrow money from the Federal…

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Added by Bryan Leighton on March 19, 2012 at 4:06pm — No Comments

European Debt Crisis: Here Is The Trade

Many of the leading European banks are now diverging from the U.S. banks, this tells us that the European debt crisis is far from over. In this Weekly Market Report we will examine three leading European banks using daily charts. The stocks discussed in this report are all trading under the daily chart 200 moving average, which is a sign of weak relative strength for the European bank stocks. The opposite is true for the U.S. banks, as J.P. Morgan…

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Added by Bryan Leighton on March 12, 2012 at 10:29am — No Comments

Financial Stocks Start Lower

This morning, all of the leading financial stocks are struggling to catch a bid higher. The Financial Select Sector SPDR ETF (NYSEARCA:XLF) is trading lower by 0.05 cents to $14.85 a share. Traders should watch for intra-day support around the $14.75, and $14.60 levels. The daily chart of the XLF remains in an uptrend and above of the important moving averages.



Some leading financial stocks that are seeing early selling pressure include J.P. Morgan Chase & Co…

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Added by Bryan Leighton on March 12, 2012 at 10:14am — No Comments

Financial Stocks Rally Strong But Hit Key Resistance

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…

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Added by Bryan Leighton on February 1, 2012 at 1:09pm — No Comments

Financial Stocks Are Dipping Early

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.…



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Added by Bryan Leighton on January 25, 2012 at 10:19am — No Comments

The One Financial Stock That Everyone Should Follow

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…

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Added by Bryan Leighton on January 9, 2012 at 10:27am — No Comments

Bank Stocks Strong, Signaling Market Up Move

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…

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Added by Bryan Leighton on December 14, 2011 at 1:55pm — No Comments

Financial Stocks Continue Their Selling Ways

This morning, all of the leading financial stocks are declining and trading lower. While a pullback session after a big rally day is common, the action in the financial stocks should keep traders cautious. The problems in the economy are caused by broken financial institutions and today's action in the financial stocks is certainly telling us that.



The leading financial stock in the United States is J.P. Morgan Chase & Co (NYSE:JPM). This is the most…

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Added by Bryan Leighton on December 1, 2011 at 11:36am — No Comments

Stock Markets Up But Watch This Big Factor

The week prior to Thanksgiving was the worst since 1932. This gives perspective on what truly is going on in the market. While the average investor was in panic mode and even institutions were lost in the horror of the market, we were slowly accumulating long position. Those long positions are paying huge profits this week as the markets have bounced sharply higher. The bounce is continuing today as the SPDR S&P 500 ETF (NYSEARCA:SPY)  is trading at $120.28, +0.58…

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Added by Bryan Leighton on November 29, 2011 at 2:18pm — No Comments

Understanding And Profiting From The Stock Market Swings

The wild stock market swings continue, all thanks to Europe. The markets opened sharply lower on the back of more Italian woes. Yields on the Italian 10 year broke 7%. This is what started the Greek debacle and will be the ultimate cause of every other PIIGS country downfall. Most retail investors do not understand the how the yields determine the collapse of a country. Simply put, when a country is so heavily in debt and must borrow, rising borrowing costs trigger the beginning of the…

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Added by Bryan Leighton on November 9, 2011 at 12:38pm — No Comments

Big Banks Rally Again, How Much Is Left In This Group?

This morning, the large financial stocks that are considered too big to fail are staging another rally. This group of leading stocks have lead the major stock market indexes over the past five years. Earlier today, Morgan Stanley (NYSE:MS) reported earnings. The stock is trading higher by 0.72 cents to $17.38 a share. MS stock has a lot of daily chart resistance around the $17.50 - $18.00 area. As long as the financial stocks continue to trade higher the major stock indexes are likely…

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Added by Bryan Leighton on October 19, 2011 at 11:24am — No Comments

Financial Stocks Hold Up Early

This morning, the leading financial stocks are holding up after the earnings reports from Goldman Sachs Group Inc (NYSE:GS), and Bank of America Corp (NYSE:BAC). These stocks have been beaten down for quite a while and are trading higher this morning. The poor earnings from these companies were likely already figured into the stocks. Traders and investors must continue to follow the financial stocks very closely as these market leaders have lead the major stock indexes throughout 2011.…

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Added by Bryan Leighton on October 18, 2011 at 10:44am — No Comments

Big Banks Are Painting A Different Picture

There is no denying the massive stock market rally since October 4, 2011. The Dow Jones Industrial Average (DJIA) has surged higher by nearly 1200.0 points from its October 4, 2011 low. This is certainly a massive rally in such a short period of time. The DJIA, and the rest of the major stock market indexes have all been able to recapture the daily chart 50 moving averages. This tells us that the major stock indexes have some short term strength. The only problem with the recent rally…

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Added by Bryan Leighton on October 14, 2011 at 11:31am — No Comments

Euro-Zone Bank Trade, This Is It

In lasts week's report we focused on the debtor nations of the European union, which is all of them. This week we shall focus on the large banks that hold much of the debt issued by those nations in the Euro-zone. This past Friday, all of the major bank stocks ended the trading session with a sharp sell off. Even the leading bank stocks in the United States closed lower and showed very ugly reversal days on the charts. Let us take a look at the leading European banks and find the… Continue

Added by Bryan Leighton on October 10, 2011 at 9:55am — No Comments

It Is Time To Bring Out Buffett

This afternoon, the major stock indexes have once again rolled over reversing a 200.0 point rally on the Dow Jones Industrial Average (DJIA). The talking heads in the financial media continue to talk about the recovery from the 2008 financial crisis, meanwhile, we are still in that very same crisis. Stocks such as J.P. Morgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), and other financial giants continue to look terrible on the charts. Investors are still waiting to hear… Continue

Added by Bryan Leighton on September 29, 2011 at 3:58pm — No Comments

The Too Big To Fail Banks Drop After The Bernank

This afternoon, the major stock indexes are declining after the Federal Reserve said that they would implement a $400 billion bond swap called Operation Twist. Most investors and traders expected this news from the central bank. The FOMC also stated that they would keep the Fed funds interest rate at zero to a quarter percent for the foreseeable future which is again no surprise to the markets.



The financial stocks are leading the markets lower. The leading… Continue

Added by Bryan Leighton on September 21, 2011 at 3:29pm — No Comments

The Ultimate Indicator

Many traders and investors will follow all sorts of oscillators and indicators searching for the holy grail of the stock markets. This one stock has been the only indicator that you need to see at this time, it is J.P. Morgan Chase & Co.(NYSE:JPM). Today, JPM stock has really failed to trade higher after the first thirty minutes of the day. When this stock is behaving poorly it is a warning that the major stock indexes could come under some selling pressure this afternoon. JPM stock… Continue

Added by Bryan Leighton on September 13, 2011 at 3:30pm — No Comments

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