JPM Trade on Oct 16, 2019 12:40 from Cklamb: Tradervue User Stock Trades.

JPM
Intraday fundamentals
• JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.8 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at
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Technicals
ADV 11.46 RVOL .76 ATR 2.16 BETA 1.2 Short 1% Inst Own 74.8%
Daily

Hourly

Intraday

Trading strategy
• Find trend
• Look for this to test and hold 119 this morning on a flush at the opening and similar am action th yesterday in the first 15
• 121 was very tough for this to stay above yesterday and real around 121.20 look for these levels to hold and you can add if you are long or start a position into the close
• If this pulses to the 121 or higher at the open, it should have lless strength than yesterday and may need to come into VWAP late moring to move higher from there.
Reading the Tape
Through out the day. I took the longs as the tape seemed it would let me limit the risk for few cents, The tape stayed strong just above .45 as it moved off the bottom.
Trade Management

• I needed to let the bottom fish hold until VWAP as planned
• Great risk control finding the spot to long off the bottom
• These short quick losses are helpful in learning the tape