09/19/2014 – J.P. Morgan Chase
Issued: 09/18/2014
J.P. Morgan Chase, JPM:
1. During the week of Sept. 2, J.P. Morgan Chase was forecast to continue to advance from approximately $59.70 to $60.90 (or higher) into the week of Sept. 8 (+1 week).
2. J.P. Morgan Chase has now completed the $60.90 upside target (today’s session high, $61.09, so far). While higher prices remain possible (including a test/attempt at $61.40), initial long position exits should be taken at current prices. Will update.
David Williams
Issued: 09/19/2014
J.P. Morgan Chase JPM:
1. Yesterda’s (Thurs. Sept. 18) J.P. Morgan Chase session completed the forecast $61.40 upside target noted in our previous update (yesterday’s session high, $61.40). This represented the secondary profit target based upon the original forecast. This completes the trade. Will message any further entry are indication as the market confirms.
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.