
TACO TRADERS MEET CAHN, BANK EARNINGS, NEW AMD WIN, AND RUSH TO BUY QUANTUM AND NUCLEAR STOCKS
By Nigam Arora
To gain an edge, this is what you need to know today.
TACO Traders Meet CAHN
Please click here for a chart of JPMorgan Chase stock (JPM).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of JPM stock is being used to illustrate the point.
- The chart shows a rising trendline.
- The chart shows that going into earnings, JPM stock pulled back to the trendline.
- RSI on the chart shows JPM stock has more room to run.
- Expectations going into JPMorgan earnings were very high, but earnings beat the consensus and were inline with whisper numbers.