It is probably wise to sell
JPM
JP Morgan shares after a strong rally.
We could be seeing a double top, and is due for a correction or hard sell-off.
I think most of the banking sector is in trouble, and that will be coming to light in the next few weeks.
Sell JPM and the US Banking sector in General as it looks like the Long Financial Trend could reverse soon.
You may want to go long on
FAZ
, a 3x leveraged Financials Bear ETF as a hedge if the Financial Sector starts selling off.
JPM
JP Morgan shares after a strong rally. We could be seeing a double top, and is due for a correction or hard sell-off.
I think most of the banking sector is in trouble, and that will be coming to light in the next few weeks.
Sell JPM and the US Banking sector in General as it looks like the Long Financial Trend could reverse soon.
You may want to go long on
FAZ
, a 3x leveraged Financials Bear ETF as a hedge if the Financial Sector starts selling off.