---
title: "May 11 Premarket Movers"
url: https://premarketinfo.com/2012/05/11/may-11-market-movers/
description: "Stock Movement Reason Our Comments JPM Down $3.30 $2 Billon trading loss. Question risk control of bank, and possibly other banks. Entire sector under pressure this."
published: 2012-05-11
updated: 2012-05-11
author: "admin"
---

# May 11 Premarket Movers

By admin · Published 2012-05-11

[Uncategorized](https://premarketinfo.com/category/uncategorized/)

| **Stock** | **Movement** | **Reason** | **Our Comments** |
|---|---|---|---|
| JPM | Down $3.30 | $2 Billon trading loss. | Question risk control of bank, and possibly other banks. Entire sector under pressure this morning. Really consolidating between 37.60 and 38 in premarket trade. |
| C | Down 1 point. | JPM trading loss. | Key swing number may be 30. |
| GS | Down 3 points. | JPM trading loss. | Huge psychological support at 100. |
| BAC | Down 22 cents. | JPM trading loss. | Had found good support at 7.65, that area may now serve as resistance. |
| JWN | Down 2 ponits. | Earnings last night. | 50 area may provide key psychological support. |
| NVDA | Up 1 point. | Earnings. | Getting a nice lift off earnings report. Has traded as high as 13.63 in premarket. 14 area may provide resistance as well. |
| DDS | Up 1 point. | Earnings last night. | Traded to new 52 week high last night. Old 52 week high of 67.22, may now provide some support. |
| * Listen to Market Outlook show at 8:45 ET for technical breakdown of financials and other market movers. |  |  |  |

[May 2012 entries](https://premarketinfo.com/2012/05/) · [Back to the desk](https://premarketinfo.com/)