Archive for May 29, 2009

Big Squeeze Coming On JP Morgan Chase?

JP Morgan Chase (JPM) may be setting up for a major short squeeze. The stock has carved out a bearish descending triangle in the last three weeks, with the falling highs trendline sitting right around 36.50. The stock is trading above that level this morning, putting pressure on the logical stops placed by short sellers. […]

Posted on May 29, 2009 at 7:23 am by asfarley · Permalink · Leave a comment