Category Archives: JPM

Stocks to Watch for Nov 12: TIVO, EBAY, APP, JPM

Posted on November 11, 2012 by cl117692

 American Apparel Inc. (AMEX: APP) shows some strong strong around $1.03 area. Any drop below this area will trigger massive sell off, at least until $0.95 level, fulfilling the inverted head & shoulder pattern. However, the stock tends to reverse when CMF readings are in extreme level. So watch out for any bullish action, which also gives a double bottom signal under BB. (i.e. when second trough does not touch lower BB) Additionally, MACD Histogram is about to cross above. Definitely put it on your radars.

 eBay, Inc. (NASDAQ: EBAY) with a flat BB and low ADX reading. Any price greenish price action, making the closings away from lower BB can be bullish, signaling a possible double bottom play.

J.P. Morgan Cahse & Co (NSYE: JPM) shows some retracement today, closing at $40.62, confirming some support from 50day moving average. Slow STO at oversold level. I am looking the stock to continue its uptrend soon.

TiVo, Inc. (NASDAQ: TIVO). I bought some shares today. 50-200 moving averages golden crossed, with decent action today.

Posted in APP, EBAY, JPM, TIVO | Comments Off on Stocks to Watch for Nov 12: TIVO, EBAY, APP, JPM

Oct 17: BAC, C, JPM, WFS

Posted on October 17, 2012 by cl117692
Bank of America Corp (NYSE: BAC) It is firm down the market bottom has finished in Sept. The stock now is closing the previous high. According to the 100% green volume by price at $9.5-$10 level. If the stock breaks through $9.75, we should see a very strong action upwards. RSI is sloping upwards. there might be a MACD crossover if +ve price action continues, as well as CMF crossover.

Citigroup, Inc. (NYSE: C) Despite the CEO’s recent departure, the stock is doing way better than the peers in banking industry. RSI shows oversold level. I am uncertain and doubtful on the recent run. I am looking for a corrective move.

J.P. Morgan Chase & Co (NYSE: JPM) The most healthy trend among other stock I mention today. Upward channel. Bband just finished a consolidation. Stock touches upper band of Bband, healthy MACD, CMF. 

Wells Fargo & Co (NYSE: WFC) has previously reaches oversold level below 40 in RSI (considering in a case of uptrend) The stock has made a run and closes at a $34.47, higher than the previous two day’s candlesticks, trying to fill the Gap. Entry order at closing when a price is over 50day MA or $35.0 (filling the gap) is a good way to get involved.
Disclosure: I am long BAC and might initiate a long position in JPM

Posted in BAC, C, JPM, WFS | Comments Off on Oct 17: BAC, C, JPM, WFS