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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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Late Night Strategy for Wednesday

chessNwine Wed Feb 26, 2014 12:30am EST 5 Comments

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In addition to the long and short ideas I mentioned in my video market recap for Tuesday, keep an eye on the Dollar/Yen currency cross.

If the Dollar loses $102 versus a strengthening Yen, falling down out of the rising wedge highlighted below on the daily chart, I suspect it will place pressure on equities.

Long Ideas: CORN P UIS ZNGA 

Short Ideas: CSX F GM IYR 

Drop me your top tickers overnight.

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USDJPY

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5 comments

  1. bearmace
    bearmace
    February 26, 2014 at 12:40 am

    thoughts on SPX and FSLR?

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    • chessNwine
      chessNwine
      February 26, 2014 at 12:43 am

      See my video recap for SPX (prior blog post). FSLR – Looks like an earnings hit and I would stay away until Friday, at least.

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  2. RaginCajun
    RaginCajun
    February 26, 2014 at 1:10 am

    CORN looks ready to go HAM

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  3. Paolo Sobretodo
    Paolo Sobretodo
    February 26, 2014 at 2:29 am

    ETFs: XBI XRT JO

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  4. JPMorgains
    JPMorgains
    February 26, 2014 at 2:55 am

    CORN beef and HAM

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