The price move occurred on volume that was down 2.74% from the day prior, but up 11.5% from the same day the week before.
This move happened on lower volume, as yesterday’s volume was down 6.54% from the day before — and down 17.07% from the same day the week before.
Question-was this from stop's closing out long positions or from the ride down.
Q=pretiming ◆ upper~lower stock price band for the next 10days price: 87.54 ~ 98.00 % change: -8.14% ~ 2.85% ◆ today's supply-demand(s&d) strength => supply-demand strength has changed to a strengthening buying flow when stock market opening.
I recommended $jpm last week below 89 and it's at 94+ now…
This move happened on lower volume, as yesterday’s volume was down 4.66% from the day before — and down 47.47% from the same day the week before.
Anyone short these needs to realize the bs drop on the bs financial times piece that superficially and errantly tried to hammer $gild (and the broad tape) is already over.
Too much concealed. the creation of millions of fraudulent savings and checking accounts on behalf of wells fargo clients without their consent.
Then last week , both korea and germany had passed over the curve apex.
And while jamie dimon was mum on how much more losses the bank may be forced to take in coming quarters to offset the coming default surge (something we discussed in houston: the banks have a huge problem ), it hinted that things are about to get much worse when it first halted all non-paycheck protection program based loan issuance for the foreseeable future (i.e., all non-government guaranteed loans) because as we said ” the only reason why jpmorgan would “temporarily suspend” all non-government backstopped loans such as ppp, is if the bank expects a default tsunami to hit coupled with a full-blown depression that wipes out the value of any and all assets pledged to collateralize the loans .”