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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

One Pair or Two Pair?

chessNwine Mon Feb 3, 2014 9:01am EST 6 Comments

Jennifer_Tilly_and_Phil_Laak

Any way you slice it, here is a pair trade to consider in the transportation sector—Long ARII, Short FDX.

ARII is a small railcar play still in an uptrend, basing sideways. I like it long only on strength over Friday’s highs.

FedEx broke from its steep rising channel and I like it short below its bear flag.

Which tickers are at the top of your watchlist this morning?

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ARII

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FDX

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6 comments

  1. WilyMike
    WilyMike
    February 3, 2014 at 9:13 am

    Chess, this market is all over the place. Sitting in cash bunker, waiting for direction. No trades planned. Thanks for your suggestions though.

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  2. UncleBuccs
    UncleBuccs
    February 3, 2014 at 9:45 am

    Ahhh, Jennifer Tilly… Chess, did you ever see “Bound” w/ Ms. Tilly & Gina Gershon back in the 90’s? Smoking…..

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  3. chivo
    chivo
    February 3, 2014 at 10:27 am

    I did yoga with Gina Gershon once

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