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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

CHESS MOVES

chessNwine Fri Aug 6, 2010 3:15pm EST 4 Comments

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I bought 3/4 positions long in both $OVTI and $ISLN. If you are following my trades, I have included the two charts and reasoning below.

All trades are timestamped inside The PPT.

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TOTAL PORTFOLIO:

EQUITIES: 44%

  • LONG: 44% ($OVTI $ISLN $GNK $LSCC $RDWR $BX $CMI)

CASH: 56%

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4 comments

  1. VC
    VC
    August 6, 2010 at 3:23 pm

    Do you plan to get back into POWR? it appears to be falling back to longer term uptrend and its still above 200ema.

    Keep up the good work?
    Regards,
    VC

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    • chessnwine
      chessnwine
      August 6, 2010 at 3:26 pm

      Thanks, VC.

      Re: POWR–I will wait and see how the buyers react to this selloff. If they emerge in force, then you can play it for a bounce. However, some damage was done on heavy selling volume, and further weakness is not out of the question.

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  2. FIG
    FIG
    August 6, 2010 at 3:28 pm

    Hey Chess. How do you like HK here? It looks like it broke the downtrend this week with huge volume. I think it may take several days, but this thing looks like it is going to come back nicely.

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