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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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Hot Bank on Bank Action

chessNwine Thu Jan 2, 2014 10:40am EST 6 Comments

warren buffett lloyd blankfein

I see that Citi is out upgrading Bank of America to a buy this morning. BAC‘s stock is responding in kind, as you can see below. The big test with these kinds of upgrades is whether the gains can hold by the end of the day.

Other bright spots are the solars, with CSIQ on my radar as a long idea.

VJET is trying to emerge from a sideways base, with takeover rumors hitting the tape there.

A few other names to note as long ideas: LUV WSM, both with strong daily chart setups.

And on the short side, keep an eye on F SBUX for further weakness.

What are you trading this mooring?

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BAC

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6 comments

  1. Blind Squirrel
    Blind Squirrel
    January 2, 2014 at 10:51 am

    Mainly USO from the short side… Initial entry in puts on Monday, currently up about 120%.

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  2. Vadim
    Vadim
    January 2, 2014 at 10:51 am

    Hi Chess, FENG daily chart looks good to upside

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  3. bear54
    bear54
    January 2, 2014 at 11:17 am

    Chess
    Good call on FIO at 9s. Room till 10.5?

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