JP Morgan Update

JP Morgan Update

JPM is sitting right in the middle of a very solid support zone.  At today’s early lows the stock was off 8.5% from the May highs.  This pullback has retraced 1/3 of the entire rally off the Christmas week lows.  This key area also marks the March highs as well...
Up Against The Wall

Up Against The Wall

BKX((KBW Bank Sector Index) is backing off today after Monday’s solid gains.  The ‘Wall’ near the $103.00 to $102.00 area continues to provide heavy resistance.  This extremely stubborn zone came into play at the early November highs and has capped...
Rally Ahead For Northern Trust?

Rally Ahead For Northern Trust?

Northern Trust’s solid Q1 earnings report on Tuesday sparked quite a surge in buying interest.  NTRS finished that session with a 4.4% gain on the heaviest upside trade of ’19.  Strong momentum the next day drove shares to their first close above the 200...
Citi’s Dirty Dozen

Citi’s Dirty Dozen

Citigroup($C) is heading for its 12th straight decline.  This massive distribution wave has featured 12 straight sessions of well above average volume.  This is the worst losing streak in history for the stock.  Previous worst streak was back in late 1987, down 10...