All We Are Saying Is Give Banks a Chance

JPMorgan (JPM) is one of the first big names to kick off earnings season. I'll admit bank earnings are a bit of an enigma to me. There are many facets to big bank reports, with some parts mattering greatly to some traders while not mattering to other traders at all. In my experience, the reaction of the stock immediately following earnings and over the course of the next three weeks is what matters more than the headline numbers. If you are strictly a fundamental investor, there will be plenty to dig through over the weekend and I'd avoid any immediate reaction, but if you are a trader into and out of the number, there are some items to consider here. 

First, a technical glance at the stock from a weekly perspective. Why not the daily? Well, most of what matters there will be thrown out the window post-earnings, as is the case for many stocks. The weekly view provides a better perspective of investor activity rather than trader activity. We get a better view of support and resistance. ...777 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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