CHESS MOVES

chess

To update a trade I had been posting here, I sold out of the rest of my STLD long at $16.10 this morning inside 12631, after previously selling some higher. I caught a fairly quick pop in the name, and with the market weakening as it is I would rather take down the win right here, than allow a winner to turn into a loser.

As I write this, the market is trying to stage a bounce. We have seen this script many times before this year. So it will be interesting to see if bulls can rally the troops back to green, once again.

I am still letting the morning dust settle, as it is, not jumping to conclusions just yet. A trend day lower should see us make a lower high into midday before rolling back over for a fresh leg down.

What are you seeing out there?

9 Responses to “CHESS MOVES”

  1. $YPF is soaring. Just sold $DSX for a small loss. Don’t regret it because I have been educated to cut my losses by a skilled blogger.

  2. Stalking QLGC, SMGO and SBGI

  3. BMRN holding up ok, Thoughts on chart?

  4. There is a nice bull flag in CWH with a hammer candlestick that bounced of the 10 day MA.

Comments are closed.
Previous Posts by chessNwine

CHESS MOVES

chess

To update a trade I had been posting here, I sold out of the rest of my STLD long at $16.10 this morning inside 12631, after previously selling some higher. I caught a fairly quick pop in the name, and with the market weakening as it is I would rather take down the win right here, than allow a winner to turn into a loser.

As I write this, the market is trying to stage a bounce. We have seen this script many times before this year. So it will be interesting to see if bulls can rally the troops back to green, once again.

I am still letting the morning dust settle, as it is, not jumping to conclusions just yet. A trend day lower should see us make a lower high into midday before rolling back over for a fresh leg down.

What are you seeing out there?

9 Responses to “CHESS MOVES”

  1. $YPF is soaring. Just sold $DSX for a small loss. Don’t regret it because I have been educated to cut my losses by a skilled blogger.

  2. Stalking QLGC, SMGO and SBGI

  3. BMRN holding up ok, Thoughts on chart?

  4. There is a nice bull flag in CWH with a hammer candlestick that bounced of the 10 day MA.

Comments are closed.