♟ Did Financials Just Call a Bottom?

Wall Street Really Needed This News‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

"Recoveries take time, and they have to start with some form of positive trigger catalyst. This just might be it." Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance This is exactly why it pays to follow companies that host an investor day... In the company's investor day presentation today, JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon raised the bank's outlook for NII, which stands for net interest income. Specifically, the banking giant said that it now expects its 2022 NII to come in around $56 billion, which is $3 billion above the guidance it provided just a month ago. Wall Street Translation: The recent market storm clouds may soon dissipate. In response, shares of JPMorgan Chase began a premarket rally that extended into the afternoon. Prior to this bounce, shares of JPMorgan had hit a new 18-month low and were down 25% year to date. Plant Your Own "Money Tree" - Starting With This $2 Stock *Even at $20, It'd Still Be Undervalued (See How to Get the Ticker Symbol Here!) This raises the question... Did JPMorgan (and in turn other financials) just call the market bottom? Judging from the five-month chart below, JPMorgan still has a lot of work to do in order to reverse its latest downside move. Pushing back above its 50-day moving average (around $129) would be a strong first step. But recoveries take time, and they have to start with some form of positive trigger catalyst. This just might be it. YOUR ACTION PLAN Wall Street desperately needed some good news - and today, JPMorgan delivered. With so many oversold stocks - especially in the financial sector - there are many strong ways to play this, including Goldman Sachs (NYSE: GS), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C), Bank of America (NYSE: BAC) and others. If you want to get plugged into our trading community and see exactly how to trade these moves in real time, you're invited to join us in The War Room. Your invitation awaits you HERE. "An Army of Millionaires" The BBC reports that Tesla's wildly profitable stock "created an army of millionaires." These so-called Teslanaires include average people like Jason from Los Angeles, Bruce from Atlanta, Scott from New York and Basel from Pittsburgh... But if you missed out on Tesla's incredible 17,000%-plus rise in the last decade... Today, you have a second chance. Click Here to See Why One New Company Could Be the Next EV Giant MONDAY MARKET MINUTE EA in Play! The video game website Kotaku reported that Electronic Arts (Nasdaq: EA) has recently pursued a merger with NBCUniversal and also has held potential acquisition talks with Walt Disney (NYSE: DIS), Apple (Nasdaq: AAPL) and others. Tracking. GameStop Goes Crypto! The video game retailer GameStop (NYSE: GME) went up 2% after announcing it has launched a digital asset wallet to allow gamers and others to store, send, receive and use cryptocurrencies and nonfungible tokens (NFTs) across decentralized apps. Freelance Fallout: Upwork (Nasdaq: UPWK) went down 6% after RBC Capital Markets analyst Brad Erickson initiated coverage of shares with a "Sector Perform" rating and a $21 price target. INSIGHTS YOU MAY HAVE MISSED Bitcoin or Sh#tcoin? These Sectors Are Screaming "BUY ME!" Grab This High-Quality "Safe Haven" Stock Trash or Stash Peloton? Follow Us on Instagram! FACEBOOK TWITTER   Monument Traders Alliance   You are receiving this email because you subscribed to Trade of the Day. To unsubscribe from Trade of the Day, click here. Questions? Check out our FAQs. Trying to reach us? Contact us here. Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 16 West Madison Street | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 Website | Privacy Policy Keep the emails you value from falling into your spam folder. Whitelist Trade of the Day. © 2022 Monument Traders Alliance, LLC | All Rights Reserved Nothing published by Monument Traders Alliance should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. We expressly forbid our writers from having a financial interest in their own securities recommendations to readers. All of our employees and agents must wait 24 hours after online publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Monument Traders Alliance should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.