JPM is not a buy now due to falling 5-day MA; potential stabilization near 200-day MA/anchor point.

What do you think of the banks? I am talking about JP Morgan, Goldman Sachs, and Morgan Stanley. Goldman Sachs has fallen 21%, JP Morgan and Goldman Sachs 17% respectively. What do you think of it?

Do you find these valuations attractive, or do you think we have a bigger problem with the bond market?

If enough people turn these things on, all that money will flow away en masse from major banks like JP Morgan Chase, which rip off customers with the enormous spreads they charge.

And if my people withdraw their money from the bank accounts on which they pay 4.6% interest, JP Morgan will lose all their assets, and that could cause a massive bank run.

So I think that, besides interest rates, that might also play a role, but it is falling to a significant level. We hit the 200-day moving average today. Just below that lies the anchor point for the year to date.

That is that orange line . So this is the zone I have been waiting for, a level where interest would return. But here, as you can see in my earlier drawings , I emphasize that we are below the declining 5-day moving average and that there is simply no reason to buy if the 5-day moving average is falling.

So, I would draw the same picture here: maybe it will do this in the coming days, and then I would expect it to embrace the 5-day moving average . It makes that initial rise, lures people in, pulls back, stabilizes, the 5-day moving average flattens out, it makes a higher peak above the 5-year average, and stops below it.

That's how I see it. Financial stocks appear to potentially position themselves here.