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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

Santa Arrives for the Losers, Too

chessNwine Mon Dec 23, 2013 10:31am EST 13 Comments

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Beaten-down, heavily-shorted losers like BlackBerry are catching a nice squeeze this morning, as you can see below.

In addition, ARIA is another overall laggard starting to squeeze. With this in mind, JCP should probably be on watch for similar action.

Other than that, Apple is gapping higher on the news. I am looking for an intraday consolidation before I would consider any entry. Michael Kors is getting sold hard, and General Motors has been notably outperforming Ford.

What are you trading this morning?

_____________________________________________

BBRY

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13 comments

  1. zookini
    zookini
    December 23, 2013 at 10:33 am

    Not for SHLD and BIG!

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  2. zookini
    zookini
    December 23, 2013 at 10:35 am

    Long SCTY from $56

    Also VOYA is a potential runner this week

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  3. superocean9
    superocean9
    December 23, 2013 at 10:35 am

    Open longs; COH, JO, GOGO, RUTH

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  4. Mike M.
    Mike M.
    December 23, 2013 at 10:41 am

    RDN , mite buy more KORS here, Merry Christmas and thanks for your help this year!

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  5. green machine
    green machine
    December 23, 2013 at 10:53 am

    Sold $IVAN from last Wed’s buy.

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  6. Brushfyah
    Brushfyah
    December 23, 2013 at 11:13 am

    Long RBCN as of last week.

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