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JPMorgan Chase & Co. Misses And The Train Wreck Continues

Adam Hewison - MarketClub

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The market was a little caught off guard this morning when JPMorgan Chase & Co. (NYSE:JPM) announced their earnings, which not only disappointed investors, but missed expectations by 19%. That's a lot like playing golf and missing a sure fire birdie putt.

Yesterday's market action really set the tone and the perception for today. Make no mistake about it, yesterday was a big and important day to a lot of traders.

I have talked about this many times before on this blog and that is the power of perception. The perception now in many traders' minds is that this is going to be more of a two-way street in the marketplace for stocks. Some stocks will do well, while others will fall as the perception of their growth fades in traders' minds.

Yesterday, I posted a special report on natural gas. Why natural gas is going higher is anyone's guess. It could be a reflection of what is going on in the Ukraine or any of a hundred different reasons. Check out this report right here.

In today's video update, I'll be looking at the major indices, gold, crude oil and the dollar.

At the start of the year, I stated that this is not going to be a year like 2013, which was like a no-brainer for people who just followed the technicals. This year is going to be decidedly different, there will still be lots of opportunities to make money, we just have to be more selective about it.

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