02/12/2015 – J.P. Morgan Chase
Issued: 02/12/2015
JP Morgan, JPM:
1. Our recent Jan. 27 stock report indicated that daily closes above $55.80 in J.P. Morgan Chase would place the stock into a ‘buy’ position for a tradable multi-day advance and test/attempt at $58 (or higher) into next week (week of February 2).
2. On Tues., Feb. 03 J.P. Morgan Chase closed above the $55.80 level (Feb. 3 daily close, $56.72) setting the long trade into motion.
3. Recent market sessions completed the forecast $58 upside target indicating (at least) partial long position exits, as noted in the original update.
4. Today’s (Thurs., Feb. 12) session continue the advance and completed the $59.70 upside target noted in our Tues., Feb. 10 live meeting, effectively completing the trade. Will message any further entry or indication in JP Morgan.
David Williams
Issued: 01/27/2015
J.P. Morgan Chase, JPM:
1. Continued daily closes above $55.80 in J.P. Morgan Chase will place the stock into a ‘buy’ position for a tradable multi-day advance and test/attempt at $58 (or higher) into next week (week of February 2).
2. Today’s (Tues., Feb. 27) session test of the $55.80 level and close the day at $56.20. This is very early confirmation of the above indication. Further confirmation is required into tomorrow. Will update.
David Williams
Issued: 02/11/2015
JPMorgan JPM:
1. Our recent Jan. 27 stock report indicated that daily closes above $55.80 in J.P. Morgan Chase would place the stock into a ‘buy’ position for a tradable multi-day advance and test/attempt at $58 (or higher) into next week (week of February 2).
2. On Tues., Feb. 03 J.P. Morgan Chase closed above the $55.80 level (Feb. 3 daily close, $56.72) setting the long trade into motion.
3. Recent market sessions completed the forecast $58 upside target indicating (at least) partial long position exits, as noted in the original update. Today’s session closed at $58.37. Any remaining long position should be held for the possibility of higher prices to be messaged in a subsequent update.
4. A protective sell stop should be placed at $57.10. This stop will continue to be moved higher as the market continues to confirm
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.