Hubert Senters here.
Let’s take a look at JP Morgan. If you have this on the street is so goes Goldman so goes the rest of the markets in particularly the banks and the broker’s firms.
So Goldman is in a massive uptrend and JP Morgan gap up today and if you look into its past which is not a future predictive — future performance.
But gap up it’s telling you something. So if you’re willing to take a little bit of risk you can probably make some money with a bracket trade of the high side.
If you can get a trade above $138.13 all you have to do is figure out what you’re risk is on that bad boy. I would use a risk of $130.88.
And the target for me would be around $150 to $155. Now, everybody is different but that’s how I would do it.
Now, I would also keep your mind open just because it’s gappy in the upper direction it is a bracket trade though if it does trade or close below $134.88 that’s a short.
I’ve been asked to speak at the Wealth 365 event. I’m going to be going through the markets and showing you where I think you should find focus, where you should avoid and talk about what’s working in the markets now.
I’m going to HYPERLINK you to it. Now, this happens in 10 days. Rob’s events are pretty popular so a bit packed house so I’m trying to get you in there before they max that thing out because GotoWebinar and Zoom and all of those things there’s limits on amount of people you’re going to have in there.
Good luck. Hope it helps. See you in the next video.
Hubert.
