The Whole Foods multi-year timeframe shows an uptrend still intact, even with the earnings sell-off this morning. However, that trend is steep, and even if the lower support trendline I have drawn on the first chart holds I am not convinced the risk/reward ratio is favorable to swinging a long for anything more than a quick flip.
The second chart is another multi-year look, this one of Cisco. You can see that the stock has been the epitome of dead money for a while now, and remains so.
The third chart is ARII, a heavily-shorted railcar play and still a long idea.
What are you trading this morning?
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it’s a secret, Chess..
😉
Suit yourself, Soozy.
taking some profit in those beaten down retailers scooped 7+ trading days ago(posted entries/exits over on Sir Raul Blog..yes indeed)
nice little squeeze happening there..SHLD LULU
~cheers
Truth..
because I’m an honestly nice person..
😉 )))
Get it Sooz
Thank you, Sir Raul..
Longs; JO, GDXJ, FCEL, SKUL, BFAM, & ARII
Solid
Thx – @chess
Liking GOGO here.
This is a really constructive day
Long ANV DAL, stalking entries in TSL ECA and MTW (top pick)
one heck of a reversal in the market! Covered my $WFM short off that trend line. Went long ISIS, HIMX, GILD, FNSR. Chess, What year is that pic from. Grandfather is asking???
MTW – taking a crane up…luv it!!