J.P. Morgan Chase Is Still The Stock Market Barometer

If you want to know what the stock market is doing just follow J.P. Morgan Chase & Co (NYSE:JPM). This stock is the leading financial company in the United States and possibly the entire world, therefore, it will generally lead the major stock indexes. At this time, there is a banking crisis going on around the world. Sure, the European banks might be where all of the recent focus is, however, all of these banks have some exposure to European debt and that is why these bailouts are being talked about or tried by the central banks. JPM stock has staged a sharp three day rally and so has the major stock market indexes. If JPM stock begins to slide this short term rally could end as quickly as it began.

Other financial stocks that are trading higher today include Goldman Sachs Group Inc (NYSE:GS), Deutsche Bank AG (NYSE:DB), and Credit Suisse Group (NYSE:DB). All of these stocks are very important and should be followed, however, JPM stock is certainly the most important and a stock market barometer.

About Nicholas Santiago 576 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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