Friday, May 2, 2014
Banks Will Be Drags For the Market Next Week
JP Morgan Chase (JPM) sees 2nd quarter revenue to drop 20% from the same time last year. JPM is down 1.15% during after hour trading. Looking at charts of major banks and they are not looking good. Bank of America (BAC), JP Morgan Chase (JPM), Citibank (C) and Goldman Sachs (GS) are all below their 50,100 and 200 day moving averages and trends are all down. The banking sectors will likely be drags for the stock market next week.
Contact Email: tradeideablog@gmail.com
U.C. Berkeley graduated, former electronic/computer engineer turned investment advisor / analyst. In the market 42 years with focus in market timing, learned from experience to trust charts,combine with trend, valuation, news and investors sentiment in making trading decisions,, knowing anything can happen to the market so very flexible to trade both sides of the market. 1992 CNBC/USA Today Investment Challenge professional options division champ with 3 month return of 1125%. In real life trading accomplished 9600% return by trading TZA options in the course of 3 months, doubled account value in 3 months by trading 3X ETFs. Now retired and enjoy trading stock and options daily. On going partnership with Sing Tao Daily and Sing Tao Radios in offering advanced stock and options trading classes semi-annually.
联系Email：tradeideablog@gmail.com
伯克利加州大学毕业，前电子/计算机工程师转为财务顾问/股市分析师。 在市场42年，专注于参与市场时机。从经验中学到信任图表，结合趋势、估值、新闻和投资者情绪做出交易决策。知道任何事情都可能发生在市场上，因此非常灵活地参与买涨及做空，参与市场的两个方向。 1992年CNBC /今日美国日报投资挑战赛专业期权组冠军，3个月回报率为1125％。 在现实生活中，通过在3个月内交易TZA期权获得9600％的回报，通过交易3X ETF在3个月内使账户价值翻倍。 现在退休，享受每日交易股票和期权。 与星岛日报和星岛电台合作，每半年提供一次深入的股票和期权交易课程。
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