(This post was last modified: 2013-04-20, 06:15 AM by Locked in.)
RE: Watchlist - Traders method
JP Morgan Chase (JPM) has formed a head and shoulders top on the daily chart. I am adding it to my watchlist for a potential short even though it is still well above its 150 day MA. To be honest, I have been questioning my relative strength (as it is not mansfield) and I decided today I need to do a little more research and try to add my own code to prorealtime...anyway, with my current settings, it is heading lower vs. spy.
On the volume front, I have noticed that every day in which the volume is higher than average is a negative day. (Only on daily)
I have added the weekly chart as well to show how volatile this stock has been with its crazy range over the years.
Thoughts anyone?