Tag Archives for " JPM "
The Red Dog’s Roadmap
The SPX futures are up 2 ahead of the Fed this afternoon. It has been a methodical move since clearing the descending channel above 2430 to take out 2453 before making a new all-time high at 2481. Now we’ll look to see if the active bulls stay in control with upper support at 2464 and yesterday’s low at 2474. IWM gave another calculated entry Monday after it reclaimed $142.25 and cleared $143.55 to hit a hgih of $144.25. It will need to hold $143.21 to keep active bulls happy and, if it can, extend another day towards a target of $145. XLE is trying to stay relevant as some are long vs the $64.50 stop while others want to see if hold the 50day of $65.86. IBB has its first bearish engulfing candle in a while and I did tweet that I sold around $329.50. After this move from $310, some digestion makes sense. Look for banks to be in play on fed day as JPM had a nice 2 day move. If it is able to hold the $92 area, I will be looking for it to make a move towards all-time highs in the days ahead.
Continue Reading -->Morning Call Express: Wall Street Stocks Look for Direction
In today’s Morning Call Express, Scott Redler talks about the post election action in the market as well as various sectors. He reviews the action in the SPX over this year and what it would need to take in order to see all-time highs. Scott also looks at a couple of sectors, as well as banks and a few new issues.
Continue Reading -->Morning Call Express: Elections & Markets For Debate
In today’s Morning Call Express, Scott Redler covers the current range in the market, ahead of earnings season, and the levels to be looking at for clues. He also looks at a couple sectors, banks, high beta tech, and a few new issues.
Continue Reading -->Morning Call Express: Trying To Keep Constructive
In today’s Morning Call Express, Scott Redler talks about the move by the BOE to cut rates and increase the stimulus and how the Equity Markets are responding. He also notes that the jobs report tomorrow will be very important to the future direction of the market. Scott also looks at names like JP Morgan (JPM), Apple (AAPL), and others.
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