Banking Stock Analysis

Banking Stocks are involved in multinational banking and financial services.

Here are the charts, ordered by dates, for the bank stocks:

Bank Stocks

JPM - JPMorgan Daily Chart
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JPM - JPMorgan - the multinational financial service gaps down

The multinational financial service gaps down on the market open today. Nearing the 21-day moving average for support, however. For now the head and shoulders...
JPM-JPMorgan-Daily Chart
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JPMorgan - close to testing new highs!

We noted (and bought) JPM last week as the head and shoulders pattern was negated with a close over the right shoulder. Perhaps a rest now before taking...
JPM---JPMorgan---Daily-Chart
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JPM - JPMorgan gapping up today.

Gapping up today. We had the #banking stock featured here yesterday with our buy signal activated. JPM is a hold now as we're in rally mode. Opening 3%+...
JPM-JPMorgan-Daily-Chart
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JPM - JPMorgan - in buy range

JPM - JPMorgan Daily Chart - a close over the right shoulder will negate the head and shoulders pattern and trigger a buy signal. Also, of note in the chart...
AXP - American Express Weekly Chart
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AXP - American Express - at 52 week high

AXP - American Express Weekly Chart showing a new 52 week high for the multinational financial services corporation. Here's the chart for AXP...
BAC - Bank of America Daily Chart
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BAC - Bank of America - Short negated. Reversal in play.

It appears as though the head and shoulders that was in the works is about to be negated and a move over the right shoulder and this pattern turns bullish...
JPM - JPMorgan Weekly Chart
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JPM - JPMorgan - Short negated. Reversal in play.

Update on JPM - JPMorgan looks like the potential  head and shoulders pattern has now been negated in our view. Technically a close over the right shoulder would be...
JPM - JPMorgan Daily Chart
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JPM - JPMorgan lower high in the works - possible short opportunity

A pullback and potential short opportunity as JPMorgam pulls back to the line. A lower high could be in the works. The risk/reward ratio is good here and stops...
JPM - JPMorgan Daily Chart
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JPM - JPMorgan pullback and short opportunity

A pullback to the neckline giving a second opportunity to short in case you missed it. Protective stop loss is at a daily close over 85.25...
GS - Goldman Sachs Daily Chart
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GS - Goldman Sachs - Head and Shoulders Pattern

Another head and shoulders on a banking stock. This time on GS - Goldman Sachs Daily Chart. For a longer term chart of GS check...
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