This a screen shot of JP Morgan; the holiday run for the stock has been good. Financials have been suffering of late. However, the automakers have taken most of the pressure/focus off with a 2nd helping of a bailout from the government to Citigroup, 3rds anyone.

I believe JPM is one; if not the most strongest of the financials. Citigroup = C is a poster child for the financials. There is no one too big to fail.

December is a time for selling to write-off the years losses and for the Big Guys to do distributions and make everything look nice. We will see in the next couple of trading weeks.

30.00 JPMLF.X Calls Dec 3.64 C 2,819 V 23,925 OI
32.50 JPMLZ.X Calls Dec 2.04 C 1,695 V 15,902 OI

27.50 JPMXT.X Puts 1.39 C 1,079 V 18,529 OI
30.00 JPMXF.X Puts 2.00 C 2,668 V 61,647 OI

Trader System

This strategy is originally created and has been changed to adept to the current market direction. This has been tested for trading all Securities, Commodities and Futures. I like the way it define market motion.

It’s quite simple, what you need is 50 SMA, 35 EMA and 20 EMA attached on your 5M Chart. Open position when the angle of the 50 Simple moving average are greater than 20 degrees and the price retrace back into the zone of the 35 Exponential moving average and the 20 Exponential moving average.