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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

Late Night Strategy for Tuesday

chessNwine Tue Feb 25, 2014 12:23am EST 7 Comments

2D5O8Ga

With recent weakness in the retail/consumer complex, keep an eye on Dick’s Sporting Goods as a short idea on weakness, first chart below. You can see price struggling below its 200-day moving average.

And on the long side, the high and tight price action of Zynga continues to impress and has me on watch for further strength.

Drop me your top tickers overnight.

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DKS

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ZNGA

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7 comments

  1. The Once and Future Rhino
    The Once and Future Rhino
    February 25, 2014 at 12:51 am

    Thoughts on WSM and GILD?

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    • chessNwine
      chessNwine
      February 25, 2014 at 12:52 am

      GILD a monster but long-term very extended. Great call on that one. WSM neutral to me here–Choppy and searching for direction.

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  2. Paolo Sobretodo
    Paolo Sobretodo
    February 25, 2014 at 12:53 am

    Gaming: ROVI, TTWO, IGT

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  3. ironbird
    ironbird
    February 25, 2014 at 1:20 am

    ZNGA is a lesson out of the bible. The game is rigged. Only the lepers go bankrupt, and it takes years for a leper’s face to fall off. Even then the leper can survive most times.

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    • ironbird
      ironbird
      February 25, 2014 at 1:27 am

      Was remembering a old IBC blogger that was short. Seemed like a bad idea at the time. Surely the trade is covered.

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  4. Jeff
    Jeff
    February 25, 2014 at 4:10 am

    SHLD in descending triangle – if support goes and retail stays weak

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