Paul Ebeling on Bank of America (BAC), JP Morgan Chase (JPM),

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Paul Ebeling on Bank of America (BAC), JP Morgan Chase (JPM), PNC Financial Services Group Inc. (PNC), and Zions Bankcorporation (ZION)

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The Red Roadmasters US Market Monthly Re-cap + Stock Talk

7 April 2010 Date Line: Hong Kong (SAR) China You can now follow us onTwitterplease go tohttp://twitter.com/EbelingHeffernaand join in.Reds BullAlert: Tuesday, the S&P 500 hit an 18 month intra-day high at 1,191.80, and the NAS touched a 19 month intra-day high at 2,443.50.

Re-cap of the US Stock Market Action for the session ending 6 April 2010

S&P and NASlead bybanks, Fed minutes; DJIA off a bit...

The FMOC minutes suggested the central bank could keep interest rates ultra low longer than investors have anticipated if the economy worsens.Lower interest rates support financial shares, which have been at thecore of the market's year long rally. The three major US stock indexes moved in a tight range, but looked up a bit after the release of the Fed minutes at 2 p.m. TuesdayThe DJIA closed off 3.56 pts, or 0.03%, to end at 10,969.99,but the S&P 500gained 2.00 pts, or 0.17%, to close at 1,189.44,the NAStallied up a +7.28 pts, or 0.30%, to end the session at 2,436.81.The NAS received support from Amazon.com, up 3.1%at US$135.56. The launch of Apple Inc'siPadhas stirred optimism the device could expand the market for e-publishing, including Amazon.com's Kindle.Home builders' stocks slid as rising Treasury yields raised worries about higher mortgage rates, while KB Home fell 2.8% to US$16.51 after Credit Suisse cut its rating on the company's stock to "neutral" from "outperform."Volume and Breadth:About 7.44B/shrs traded on the NYSE, the AMEX and NAS, below last year's estimated daily average of 9.65B/shr. Advancers outnumbered decliners on the NYSE by17 to 13, and on the NAS 5 stocks rose for each 4 that fell.

Market Indexes Technical AnalysisDateSymbolPriceTechnical AnalysisSupportResistance

Apr-06-2010QQQQ48.75Bullish (0.35)48.1048.92

Apr-06-2010DIA109.72Neutral (0.15)103.58

Apr-06-2010SPY119.04Neutral (0.24)118.01119.77

Stocks to Watch Today

Bank of America (BAC),JP Morgan Chase (JPM),PNC Financial Services Group Inc. (PNC), andZions Bankcorporation (ZION)

Bank of America (BAC) Up-date 61Last Look: March 11, 2010

April 7, 2010PaulA.Ebeling,Jnr.AnalystToday letslook atBank of America (BAC),the USAs big brand bank,from a Technical POV. The overall indications,after Tuesdays (April 6) market action are, overallBullish:in the near termBullish,mid-term,Neutral,and long termVery Bullish.The recent CandleStick analysis is:Bearish.http://www.stockta.com/cgi-bin/candle.pl?symb=BAC&size=analysis**Chart by:http://www.stockta.comLatest News and Opinion:Check the Real Estate: It's Time to Delve Inhttp://online.wsj.com/article/SB10001424052702304172404575167971729724454.html?ru=yahoo&mod=yahoo_hs

TuesdaysMarket ActionClose 18.49 + .36 Volume 160,228,100/shrs

There is a DOJI on April 1, and one Gap open up on February 16 at 14.54/14.62,the near term resistance is NIL, support at 18.34,and the 50 day (EMA) exponential moving average is 16.77.

This isBank of America (BAC):This Company has operations in 32 states, the District of Colombia and 44 foreign countries. In the US it has more than 6,000 retail banking centers and 18,500 ATMs. Two key areas of business for this company are Global Consumer and Small Business Banking. Global Corporate and Investment Banking provide comprehensive financial solutions to their institutional clients. Global Wealth and Investment Management offers banking and investment services to more than 3 million individual and institutional customers World Wide. Recent Major developments have afforded the opportunity to purchase various marquee businesses such as Countrywide Financial, LaSalle Bank, U.S. Trust Corp, MBNA, and FleetBoston. Acquiring of these businesses will provide BAC a strong presence in their mutually respective core markets.Competitive LandscapeLeveraged loans, collateralized debt obligations and subprime-related assets will continue to be a source of uncertainty for the entire sector. Government intervention has played a role in strengthening bank balance sheets and consumer confidence. The government recently released a framework for the purchase of the aforementioned toxic assets. The industry is heavily tied to the extension of credit to credit worthy consumers. As deterioration in consumer based businesses continues in the US coupled with tighter lending standards, banks will find it difficult to identify lucrative investment opportunities.Bank of America (HQ)Chairman and Chief Director: Walter E Massey100 North Tryon St. 18thFl
Charlotte, NC 28255
United States
Phone: 704-386-5681
Fax: 704-356-6699http://www.BankofAmerica.com

JP MorganChase & Co (JPM) Up-date 23Last Look: February 11, 2010

April 7, 2010PaulA.Ebeling,Jr.AnalystToday letslook atJP Morgan Chase (JPM),the #3 financial services firm in the USAfrom a Technical POV. The overallindications,after Tuesdays (April 6) market action, areNeutral:in the near termNeutral,mid-termBullish,and long termNeutral.The recent Candle Stick Analysis is:Very Bearish.http://www.stockta.com/cgi-bin/candle.pl?symb=JPM&size=analysis**Chart by:http://www.stockta.comLatest News and Opinion:Mr. Dimon Goes to Washingtonhttp://online.wsj.com/article/SB10001424052748703416204575145743093039972.html?ru=yahoo&mod=yahoo_hsTuesdaysMarket ActionClose 45.84 +.50Volume28,194,100/shrsThereis a Dragon Fly DOJI on April 5are no Gaps open up on the Chart,the near term resistance is 47.16, support at 45.15, and the 50 day (EMA) exponential moving average is 42.89.This is JP Morgan Chase & Company(JPM):JPM is the #3 financial services firm in the USA behind Citi and Bank of America withmore than3,000 bank branches and growing. Itis also among the nation's top mortgage lenders, automobile loan writers, andcredit cardissuers. JPM is also intoinvestment banking andasset management. The company's subsidiaries includeJPMorgan Private Bank and institutional investment manager JPMorgan Asset ManagementwithUS$1.6T in assets under management. In 2008 JPMorgan Chase bought Bear Stearns andWashington Mutual.TheCompetitive LandscapeDemand forbanking servicesin the USAis closely tied to economic activity and the level of interest rates. The profitability of individual banks depends ontheirmarketingabilities, efficientoperations,and goodrisk management.Largeeconomies of scaleexist in some segments of thebankingindustry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry iscapital intensiveand highlyautomated:annual revenue per employee is about US$300,000.

Banks and Credit Unions Industry Forecast

The output ofbanks and credit unions in theUSAis forecast to grow at an annual compounded rate of 5.1%2008 and 2013.

JP Morgan Chase & Company(HQ)

Chairman, President, and CEOJames (Jamie) Dimon270 Park Ave.
New York, NY 10017
United StatesPhone: 212-270-6000
Fax: 212-270-1648

http://www.jpmorganchase.comJPMorgan Chase SubsidiariesBear Stearns Merchant BankingBear, Stearns Securities Corp.Bear Wagner Specialists LLCChase Co (formally Washington Mutual)

PNC Financial Services Group Inc. (PNC) Up-date2Last Look: May 6, 2009 April7, 2010PaulA.Ebeling,Jnr.AnalystToday, letslook atPNC Financial Services Group Inc. (PNC),the large US retail banking group,from a Technical POV. The overall analysis after Tuesdays (April 6) market action isBullish:in the near termNeutral, mid-termBullish, and long termBullish.Therecent Candle Stick analysis is:Very Bearishhttp://www.stockta.com/cgi-bin/candle.pl?symb=PNC&size=analysis**Chart by:http://www.stockta.comLatest News and Opinion:PNC Financial Services Group Earnings Conference Call (Q1 2010)

http://biz.yahoo.com/cc/5/112275.htmlTuesdays Market ActionClose 62.58 + .92 Volume3,588,800/shrsThereis a Bearish Doji Star on April 1 and are two Gapsopen up on October 22, 2009and March 5, 2010 at 46.46/54.32;the near term resistance is 62.86, support at 61.03, and the 50 day (EMA) exponential moving average is 58.85.

This isThe PNC Financial Services Group, Inc (PNC).The Company operated a diversified financial services company in the United States. It offers retail banking, corporate and institutional banking, asset management, and global fund processing services. The retail banking provides deposit, lending, brokerage, trust, investment management, and cash management services to consumer and small business customers. The corporate and institutional banking offers lending, treasury management, and capital market products and services to mid-sized corporations, government entities, and large corporations. Its lending products include secured and unsecured loans, letters of credit, and equipment leases; treasury management services comprise cash and investment management, receivables management, disbursement services, funds transfer services, information reporting, and global trade services; and capital markets-related products and services include foreign exchange, derivatives, loan syndications, mergers and acquisitions advisory services to middle-market companies, securities underwriting, and securities sales and trading. The company also provides commercial loan servicing, real estate advisory, and technology solutions for the commercial real estate finance industry. It manages assets on behalf of institutional and individual investors worldwide through various equity, fixed income, cash management, and alternative investment accounts and funds, as well as provides investment system outsourcing, risk management, and financial advisory services. In addition, the company offers processing, technology, and business solutions for the investment industry worldwide. It serves customers in Pennsylvania, New Jersey, Washington, DC, Maryland, Virginia, Ohio, Kentucky, and Delaware. As of December 31, 2007, the company operated 1,109 branch offices and 3,900 automatedteller machines. The PNC Financial Services Group was founded in 1922 and is based in Pittsburgh, Pennsylvania.Competitive LandscapeDemand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends onmarketingskills, efficientoperations,and goodrisk management.Largeeconomies of scaleexist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry iscapital-intensiveand highlyautomated: annual revenue per employee is close to US$300,000.

Banks and Credit Unions Industry ForecastThe output of US and internationalbanks andcreditunions is forecast to grow at an annual compounded rate of 1% between 2008 and 2013. Data Sourced: December 2009

PNC Financial Services Group Inc. (HQ)Chairman, Chief Exec. Officer: James E. RohrOne PNC Plaza
249 Fifth Avenue
Pittsburgh, PA15222-2707
United States
Phone: 412-762-2000
Fax: 412-762-7829http://www.pnc.comPNC Financial SubsidiariesBlackRock, Inc.Harris Williams LLCJ.J.B. Hilliard, W.L. Lyons, LLC.Zions Bankcorporation (ZION)Up-date 4Last Look:January 27, 2010April 7, 2010PaulA.Ebeling,Jnr.AnalystToday,lets look atZions Bankcorporation(ZION),the US westernMultibank holding company,from a Technical POV. The overallindications, after Tuesdays (April 6) market action, areBullish:in the near termBullish, mid-termBullish, and long termBullish.The recent Candle Stick analysis is:Neutralhttp://www.stockta.com/cgi-bin/candle.pl?symb=ZION&size=analysis**Chart by:http://www.stockta.comLatest News and Opinion: Zions Bancorp asked to do more for gays, lesbians

http://finance.yahoo.com/news/Zions-Bancorp-asked-to-do-apf-2150325723.html?x=0&.v=1

Tuesdays Market ActionClose 24.27 + 1.06 Volume 8, 488,800/shrs

There is a Bullish Engulfing Candleon March 31 an twoGaps open up between March 10 and April 5, 2010 at 19.40/22.24,the near term resistance is 25.81, support at 23.21, and the 50 day (EMA) exponential moving average is 20.06.

This is Zions Bankcorporation (ZION):Multibank holding company Zions Bancorporation has a strong presence in the US West. It operates eight bank subsidiaries with a total of more than 500 branches in 10 western and southwestern states. The banks and their subsidiaries provide commercial and retail banking and mortgage lending products. They also offer personal banking fare, including lending products like home mortgages, bank cards, and home equitylines of credit ; deposit products such as checking and savings accounts and time certificates; and trust andwealth management services. The company is also a leading Small Business Administration (SBA) and agricultural lender.Competitive LandscapeDemand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends onmarketingskills, efficientoperations,and goodrisk management.Largeeconomies of scaleexist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer serviceor knowledge of the local market is more important. The industry iscapital-intensiveand highlyautomated:annual revenue per employee is close to US$300,000.

Banks and Credit Unions Industry ForecastThe output of US banks and credit unions is forecast to grow at an annual compounded rate of 1% between 2008 and 2013. Data Sourced: December 2009Zions Bancorp. (HQ)Harris H. SimmonsChairman, Chief Exec. Officer &PresidentOne South Main
Suite 1500
Salt Lake City, UT84133-1109
United States
Phone: 801-524-4787
Fax: 801-524-2129http://www.zionsbancorporation.comZions Bancorporation SubsidiariesAmegy CorporationCalifornia Bank & TrustThe Commerce Bank of Oregon

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