Lions.. Below is a 2yr/2day chart of JPM. As you can see, it is in a screaming uptrend. Moreover, note the red circled area, this is where it is trading today.
The blue dotted lines represent one standard deviation from the mean, and JPM has gone beyond that, again red circled area….
What this tells me, and I DO NOT PICK TOPS OR BOTTOMS, is a reversion to the mean is highly likely, and not so far off.
Knowing this, I started allocating more cash into JPM- buying more shares.
Moreover, JPM pays a one dollar per share dividend per quarter.
GM
Dead cat in XLF. Sold all banks days ago and started shorting
You don't think that is a breaking of the channel to the downside and is now bearish?
OR...you know for a FACT that is bearish and you're buying the dip?