This story was originally published here.
Stocks started off under pressure on Tuesday, but found their footing as earnings season gets underway. With that in mind, let’s look at a few top stock trades for Wednesday.
Top Stock Trade No. 1: JPMorgan (JPM)
JPMorgan kicked off earnings seasons with a top- and bottom-line beat. However, the stock is not moving all that much. On the plus side, though, it’s not going down (and that price action may be an even larger positive for Delta).
Sticking with one of, if not the best bank in the sector, this name is giving us a tight two-day pre- and post-earnings range. That is very unusual in any stock.
Below the two-day low (from yesterday) at $96.31, and the stock is likely to test into the 20-day and 50-day moving averages currently near $95.20. Below that puts $91 in play, followed by uptrend support.
Over the two-day high (from today) at $99.95, puts $102 in play, followed by the 50% retracement near $106. Above that, and the 200-day moving average and the June high up at $114.65 are possible.
Editor's Note: Click here to keep reading.
65 Ways You Can Make Extra Cash in This Crazy Environment
With the market crisis moving into our rearview mirror, folks are now looking for ways to get back to making money.
Neil George wants to show you how to get his new book that profiles 65 simple ways to earn large amounts of work-free income.
…extra cash that you can collect ON TOP of your Social Security check…
…without messing around with crappy jobs. (Pizza delivery driver? No way.)
These are PROVEN cash-gushing strategies… the kind typically used by the wealthy elite.
And the best part is…
Neil George has set aside copies of his book, Income for Life, and he’s willing to send you a hardback version today ABSOLUTELY FREE (just pay shipping). This may be the last time we offer this.
Here's just a sample of what you can find inside:
- Use what Neil calls the “FHA Loophole” to get the government to pay your mortgage — PLUS receive hundreds in extra cash on top.(Page 217)
- Collect $100s for pictures in old family photo albums! Believe it or not, there is an easy way to turn your old artwork/photographs into $100 bills (certain businesses are desperate). (Page 297)
- Get paid every time your favorite song gets played on the radio! This little-known website allows you to tap into royalty payments every time your favorite song is played on the radio. Some lucky folks collect thousands of dollars a year! (Page 307)
- Pocket upwards of $197 PER HOUR simply by taking a walk through the woods in the fall… or $137 while visiting your favorite beach in the summer… and many, many more!
This book is flying off the shelves and this may be the last run of copies we print.
So if you don't claim your copy of Income for Life today, we'll send it to the person behind you in line…