“Scott Redler’s #630club - LIVE Premarket Stock Market Update”
JPM has been beaten down to its 200-day average at 325; with earnings due, if results come in a little better than feared there may be a modest bounce, though the stock is normally priced for perfection into earnings and the speaker is not taking options into the report.
You come in this week, we got bank earnings uh tomorrow. You got JP Morgan, Goldman Sachs.
Some guys bought JP Morgan versus 200 day, Goldman Sachs verse that bottom tail. And now you got to see where we are tomorrow. So, they're already starting that bounce.