JPM JP Morgan Chase Earnings 1-12-18

JPM-JP Morgan Chase

JP Morgan Chase earnings scheduled

JPMorgan Banking on New Highs Ahead of Earnings

JPMorgan Chase & Co. (JPM) the largest of the four “too big to fail” money center banks, reports quarterly earnings before the opening bell on Friday. Analysts expect JPMorgan to report earnings per share (EPS) of $1.71.

This means that the bank’s string of eight consecutive quarters beating EPS estimates is on the line this week. Analysts have cited the benefits to the bank from higher interest rates, but investors should be concerned about trading profits and sluggish loan growth.

investopedia.com/jp-morgan-reports-earnings

JPMorgan Earnings: Best Banks to Buy Beforehand

JPMorgan (JPM) will report fourth-quarter results on Friday, the start of earnings season for the financials. Today, Keefe, Bruyette & Woods’ Brian Kleinhanzl, Brian Klock and team take a look at what the quarter could mean for the rest of the sector.

Kleinhanzl and Klock expect JPMorgan to report earnings of $1.69 a share, a penny below consensus estimates.

barrons.com/jpmorgan-earnings

JPM JP Morgan Chase 1-12-18 Before Earnings

JPM JP Morgan Chase 1-12-18 Before Earnings

Cryptocurrency Investing

BTC USD Chart 1-12-18 Sixty Minute Time Frame

BTC USD Chart 1-12-18 Sixty Minute Time Frame

3 Lies Bitcoin Skeptics Tell Themselves

Whether they’re claiming Ripple is a fork of Bitcoin or GPUs are still useful for mining bitcoin, so-called “experts” are responsible for a lot of misinformation regarding this new technology in the mainstream press.

This is possibly due to many of the people quoted in various media outlets specializing in more general areas of study rather than just Bitcoin itself.

Bitcoin skeptics have been proven wrong more than 200 times when it comes to predicting the death of the digital bearer asset. Here are three of the lies these critics tell themselves, which are at the root of these false predictions.

Continue Reading == >

Today's Trade of the Day | 1-12-18

EA Electronic Arts Chart 1-12-18

EA Electronic Arts Chart 1-12-18

Stock market momentum has reached "over-bought" levels. I hate to use that term because it implies I am calling a top. But it applies today. If I'm not calling a top, what does that mean? It means the odds for continuation decreases with each new close on the high, and close above the open.

It means to place a trailing stop on your profits because the odds of profit-taking are strong. It DOES NOT mean to sell short. Continue to ride the long for all it's worth.

Bank earnings could give one more push higher, or create a perfect reason to sell. Don't focus on the reasons, focus on managing your profits.

Today's trade in EA Electronic Arts is one of the few stocks consolidating the previous 2 days. We call this an "inside-inside day." Look for an expansion in volatility for the next couple of days. Not calling a long or short here. This strategy does not call direction, it calls a move in momentum.

SPY ETF Chart 1-12-18

SPY ETF Chart 1-12-18

HEADLINE NEWS

Amazon Seeks ‘Star Trek’ Level Conversations For Alexa Assistant
https://www.investors.com/news/technology/amazon-seeks-star-trek-level-conversations-for-alexa-assistant/

Facebook to emphasize friends, not news, in series of changes
https://www.reuters.com/article/us-facebook-zuckerberg/facebook-to-emphasize-friends-not-news-in-series-of-changes-idUSKBN1F103H

How to prepare now for a stock-market ‘melt-up’
https://www.marketwatch.com/story/how-to-prepare-now-for-a-stock-market-melt-up-2018-01-12

Analyst: Blockchain Is The Biggest Thing Since The Internet And Cryptocurrencies Are Just The First Generation Of Its
Applications

https://www.benzinga.com/analyst-ratings/analyst-color/18/01/11019974/analyst-blockchain-is-the-biggest-thing-since-the-inter

One corner of the stock market sees even crazier trading than bitcoin
http://www.businessinsider.com/one-corner-of-the-stock-market-sees-even-crazier-trading-than-bitcoin-2018-1

S&P 500 Heatmap

SP 500 Heatmap 1-12-17

SP 500 Heatmap 1-12-17

Stocks to Trade | Friday Edition 1-12-18

MOMENTUM

Bullish Momentum: FSLR, TGT, UAL, KSS, DG, SQ, CC, CVX, UPS, EOG, DVA, KMX, XNET, COST, MAR

Bearish Momentum: riot, kmb, amt, roku

ORDER FLOW

Bullish Order Flow: OSTK, KSS, TGT, UAL, CAT, ESRX, NFLX, BA, DVA, NVDA, UPS, EOG, DE, CVX, CC, UTX, LYB, AMZN, COF, UNP, MAR, HD, MA, V, DG, JPM, FB, HON

Bearish Order Flow: pcg, eix, aep, duk, kmb, khc

Double Normal Volume: DAL, KBH, CVX, AAL, FSLR, SIG, CCI

Inside Days: intc, twtr, amat, xnet, ms, sbux, tsm, csx, ostk, qcom, sti, watt, roku, unp, vlo, crm, ea, amgn, avgo

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About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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