Back Shorting JPM
Back shorting JPM ($JPM) at $343.01.
Working on a scale higher.
Positions: Short JPM S
Back shorting JPM ($JPM) at $343.01.
Working on a scale higher.
Positions: Short JPM S
Trump says we’re back at war, June CPI and Warsh on deck, bank earnings, and other headlines are moving stocks this morning.
Here’s how I’m handling my memory/storage trades as DRAM ETF, stocks like SanDisk take a hit; also let’s check Iran, the Fed and bank earnings.
I just took more than a ten dollar gain on my JPMorgan ($JPM) short.
Covered first tranche at $337.46 and the balance at $335.95.
Position: None
Bank earnings, CPI, and Warsh testimony will keep investors focused on inflation.
The superficial instant “analysis” of JPMorgan’s ($JPM) EPS report resulted in a +$5 gap higher in the share price.
I aggressively shorted JPMorgan in the premarket (after the EPS beat, more on the ratonale shortly!) at $338.50.
Position: Short JPM (S)
Here are the upcoming reporting dates for the Portfolio’s holdings.
Plus, June inflation data and Taiwan Semi’s outlook for H2 2026.
I don’t think it’s ugly enough for a 1987 repeat, but just the idea can put a trader on edge. Let’s check the latest of the markets, Iran conflict, the Fed.
We locked in gains on three holdings, giving our cash levels a boost as the Q2 earnings season heats up.