Posts Tagged ‘jp morgan’

Financial Stocks Starting to Rollover

Wednesday, June 17, 2009 19:35 No Comments

Financial stocks are beginning to show signs of weakness with Citigroup (NYSE: C) looking the most vulnerable.
Citigroup stock (chart below) was the first in this group to break their previous uptrend line. With RSI under 50 and the MACD indicator turning negative, it appears that Citi may be under some pressure in the coming weeks.

This was posted under category: BAC, C, GS, JPM, MS, WFC Tags: , , , , , , , , , , , ,

Charles Dow Rolls in His Grave: The Distortion of the Average He Made Famous

Friday, March 6, 2009 17:57 6 Comments

Have you ever asked yourself why the Dow Jones Industrial Average contains non-industrial stocks? Why such a large weighting is given to financial companies such as American Express, Bank of America, Citigroup, JP Morgan and AIG (Before its removal)? After all, you wouldn’t expect to see General Motors included in the healthcare index or Goldman [...]

This was posted under category: Dow Jones Industrial Average, Dow Transports, Special Reports, Technical Analysis Tags: , , , , , , , , , , , , , , , ,

Bank Stress Test: A Chartist’s Perspective

Sunday, February 22, 2009 11:03 2 Comments

There’s no doubt that the buzz words for the week will be “Stress Test.” US regulators will be conducted the so-called bank stress test to determine which of the major US banks are the most vulnerable and may need additional capital. Yes, they’re going to throw more money at bad banks though I believe that [...]

This was posted under category: BAC, Bailout, C, JPM, PNC, STI, WFC Tags: , , , , , , , , , , , , , ,

Review of 2008 Predictions a la Wall Street’s “Finest”

Tuesday, November 25, 2008 21:35 No Comments

As of 01/02/2008 the the year price target on the S&P 500 set by the Chief Investment Strategists at the major investment banks are as follows:
Strategist Year End Price Target
Citigroup                                   1675
HSBC                                          1700
Credit Suisse                              1650
Bank of America                         1625
UBS                                             1700
Morgan Stanley                           1525
Bear Stearns                                1700
Goldman Sachs                           1675
JP Morgan                                    1590
Lehman Brothers                         1630
Wachovia                                     1590
Merrill Lynch                                1525
Average 1632
Average [...]

This was posted under category: 2008 Crash, BSC, Bear Market, C, Charts, Citigroup, Crash, ETF, Economy, Finance, Great Depression, LEH, MER, MS, NASDAQ, Recession, S&P 500 Index, Stock Market, Technical Analysis, VIX Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Financials Lead The Markets Lower (Again)

Friday, November 14, 2008 18:50 No Comments

The stock market continued it’s slide this week with the financial stocks leading the way.
Goldman Sachs, UBS, Citigroup & Merrill Lynch make fresh new lows.

Both Houses of Morgan (JP Morgan & Morgan Stanley) show relative strength while Goldman Sachs and Citigroup look the weakest.

This was posted under category: 2008 Crash, Economy, Finance, Special Reports, Stock Market Tags: , , , , , , , , , , , , , , , ,

End Game:Why The Fed Can’t Save Us

Saturday, March 17, 2007 21:08 No Comments

Charting Stocks Update
March 17, 2007
Merrill Lynch urges the Fed to cut rates:
Merrill Analyst — “If the inflation-fighting Federal Reserve were to keep rates unchanged to contain price growth — instead of cutting by 1 percentage point in the second half of 2007 as Merrill expects — then this would put the probability of an outright [...]

This was posted under category: 2008 Crash, Bear Market, Charts, Crash, Economy, Emerging Markets, Finance, Money, NASDAQ, S&P 500 Index, Special Reports, Stock Market, VIX, Volatility Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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