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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Where There’s Smoke There’s Fire

chessNwine Fri Sep 13, 2013 8:35am EST 3 Comments

3Z6vcYn

By now, you probably know I have referenced the Macy’s chart weakness, first below, quite a few times in recent weeks.

That retail weakness persists, with Macy’s continuing to lag.

I would also keep an eye on Nordstrom to follow suit, seem with a comparable chart pattern on the daily, second below. I would expect some trouble to ensure below $56.70.

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JWN

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3 comments

  1. mhass33
    mhass33
    September 13, 2013 at 10:26 am

    PNRA big short right now, market is very weak, yen strengthening

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  2. mhass33
    mhass33
    September 13, 2013 at 10:39 am

    also think now is good time to buy puts on tsla, if risk gets sucked out of market volatility on momentum growth will skyrocket

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