JP Morgan Earnings | July 14 Trading Game Plan

A solid day yesterday as the stock market held the gap higher on the news from Greece. Could this be the catalyst that finally removes the indecision?

Earnings this week will give us a good sign if we can begin trading with a little more conviction. JP Morgan reported this morning and is up $1.04 pre market.

July 14 Stock Market Today: Map of the S&P 500

(click the map for a full view)

jp morgan earnings

Day Trading Game Plan: The SPY ETF Chart

SPY bulls held the open price all day. It was impressive. Price is back into the trading range. If we can trade above yesterday’s high that would mean $212 is the next target. I doubt it will happen though. Greek news or not, it’s had a decent 4 day run from $204-the $210 area.

(click the chart for a full view)

jp morgan earnings

Stocks to Trade | Tuesday July 14, 2015

Pete’s Notes:

  • Impressive gap and hold by the bulls yesterday. Would expect a a day of back-and-forth today to digest the news. A few financials reporting today could give the sector some opportunity to day trade.

Interesting Chart Lessons:

BA | The Boeing Company

Boeing has signed a few big deal the last month or so. Weekly chart held support from last year and yesterday broke the down trend line. Some resistance at $148 but room to go above this level.

(click the chart for a full view)

jp morgan earnings

Earnings in play today > 1M avg shares: JPM, CSX, FAST, JNJ, LVS, WFC, YUM

Bullish Ideas ATR/Volume/Price: WMB, MBLY, HCA, MPC, VLO, WBA, FB, UA, NKE, DIS, CELG, CVX, NFLX, PSX, AGN, AMZN, DE, ACN, TWC,

Bearish Ideas ATR/Volume/Price: isis, clr, sndk, yelp, gmcr, apa, slb, gpro, hes, utx, unp, scty

Weak Stock Weak Close:

Strong Stock Weak Close: HZNP

Weak Stock Strong Close: yelp, wdc, stx, dd, swn, fslr, hal, kors, bhp, intc, bidu, baba, nov, hun, yhoo,

Strong Stock Strong Close: EA, UA, NKE, HIG, NFLX, SBUX, PSX, TSN, AGN, AMZN, EBAY, DLTR, ACN,

20 day Breakdown: aet, brcd,

20 Day Breakout: ACN, EBAY, HIG, NFLX, VLO

2x Normal Volume: ASNA, BRCD, MPC, AFL, STX, HIG, RIO, MRVL

Watch List Longs: VLO, BMY, CVS, SBUX, TWC, ABT, COF, JPM, EBAY, ADBE,

Watch List Short: awn, hal, adm, cop, slb, cvx, sndk, txn, ntap, orcl, hpq

Inside days: cnq, swn, slb, pm, csiq, mos, cvx, bp, adm

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JP Morgan Earnings

JPMorgan Chase posts earnings of $1.54 a share vs. $1.44 a share expected

JPMorgan Chase delivered quarterly earnings that topped analysts’ expectations on Tuesday.

The banking giant posted second-quarter earnings of $1.54 per share, up from $1.46 a share in the year-earlier period.

Revenue fell to $24.5 billion from $25.35 billion a year ago.

Analysts expected to post earnings of $1.44 per share on revenue of $24.51 billion, according to a consensus estimate from Thomson Reuters.

Continue reading on cnbc.com

JP Morgan rises 1.5% in pre-market trade after Q2 earnings beat

Investing.com – JP Morgan Chase (NYSE:JPM), the largest U.S. bank, reported stronger-than-expected second quarter earnings and revenue ahead of Tuesday’s opening bell, sending its shares higher in pre-market trade.

JP Morgan said adjusted earnings per share came in at $1.54 in the three months ended June 30, up from $1.46 a share a year earlier and above expectations for adjusted earnings of $1.44 a share.

The bank’s revenue totaled $24.53 billion in the April-to-June quarter, beating estimates for revenue of $24.5 billion.

Jamie Dimon, Chairman and CEO, commented on the financial results, “Our Company had strong results this quarter, and each of our businesses performed well, with broad and consistent underlying growth. This quarter was another example of the power of our platform and risk discipline, and of being there for our clients as we always are in good times and in volatile markets.”

Traders will now turn their attention to the bank’s conference call due to start at 8:30 a.m. Eastern Time

Continue reading on investors.com

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