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

Too Good…Can it Be True?

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The bears have their money setup right here, with the retail/consumer discretionary stocks looking vulnerable in many spots. The XLY, ETF for consumer discretionary space, is undoubtedly still in an overall uptrend in 2012. However, the short-term picture is ominous. As you can see below on the daily chart, after the high volume selling earlier this month, the consumer stocks bounced on tepid volume for roughly the past seven trading sessions. If the bears are pushing for another leg lower, this is the time to do it. This can always be a nasty trap that the bulls have set, but that is not my bet right now. The charts are too heavy for me, and I will not allow myself to suffer from fancy play syndrome.
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10 comments

  1. Jakegint

    I am going to say “untrue.”

    About the boobs, I mean.

    _______

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  2. Super B

    I always wonder how Chess find these untrue pictures.

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    • nyjag

      Does it really matter how or where he gets ’em?

      -Keep up the good work, Chess! (I like your charts, too)

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      • Super B

        I like Chess’s work too.
        Keep up the good work, Chess! from me too.

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  3. Raul3

    InBOOBitably

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  4. chivo

    look @ that nasty stomach pouch , don’t put her in a bathing suit

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  5. Testicules

    You could bounce quarters off that

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  6. Sooz

    1)Pizza(limp..ohhh)…fake
    2)Boob on lft..fake
    3)matching Boob on rt…(2 for 1 special)
    4)Heineken…very fake

    final answer d) all of the above

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  7. Derrick

    Look @ her hands! Its a dude!

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